Best Renewable Energy Stocks To Buy Now

Young electrical engineer woman and business man standing in front of wind turbines checking and working about technical problems and writes the results of measurements with laptop pc in wind power plant electric energy station.
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Renewable energy is a hot topic as people look for cleaner resources and ways to reduce the use of finite resources like natural gas, petroleum, and coal. Renewable energy sources can be used over and over without running out and include:

  • Biomass: Energy that comes from wood, garbage, landfill gas, and agriculture
  • Hydropower: Energy that comes from water
  • Geothermal: Energy that comes from the earth’s heat
  • Wind: Energy that comes from moving air that passes through turbines
  • Solar: Energy that comes from the sun shining on solar panels

What Are Renewable Energy Stocks?

Renewable energy companies make renewable resources available to consumers around the world. Many of these companies are publicly traded on the stock market. Consumers can invest in segments of green energy that pique their interest or those that offer an enticing return on investment.

Are Renewable Energy Stocks Expensive?

Trends show that the use of green energy is on the rise This means more renewable energy solutions available to businesses and consumers. Tesla is a great example of success with renewable energy resources. The company saw over a billion dollars in quarterly earnings for the first time in 2021.

Good To Know

Renewable energy stocks show declines in value for the last year overall. However, climate change and waning supplies of fossil fuels point toward a future demand for green energy.

Building Wealth

As renewable energy becomes more popular, the demand for stock increases. Renewable energy sources tend to be more expensive, and so do the company stocks. Investors may be tempted to consider investing outside of renewable energy because of the share prices. For people making long-term investments, renewable energy is a great segment to consider.

Top 4 Renewable Energy Stocks

Thousands of companies offer renewable resources, but these are the four that investors should consider first.

Stock Year High Market Cap Shares
NextEra Energy 88.295 6.62 billion 76.62 million
Albemarle 253.10 28.79 billion 116.95 million
Enphase Energy 229.04 30.72 billion 134.91 million
First Solar 118.06 12.62 billion 106.32 million

1. NextEra Energy

As the United States’ largest utility provider, NextEra Energy is a renewable energy stock to invest in now. The company has the largest capacity for solar energy aside from China. NextEra Energy also recently invested in 391 megawatts of wind energy in California as well as New Hampshire. It’s promising to see a renewable energy company diversify its portfolio of energy options.

2. Albemarle

Albemarle earns a place on this list as the world’s largest producer of lithium . Electric vehicles rely on rechargeable lithium batteries for power. While other renewable energy stocks are down year-over-year, Albemarle is up 18%.

3. Enphase Energy

This energy technology company produces the parts used in consumer products like solar panels. It has the goal of making renewable energy easier for consumers to access. For many years, electric vehicles and solar panels were too expensive for many people to utilize. The team at Enphase Energy hopes that people begin seeing the long-term value and benefits of using renewable energy resources.

Building Wealth

4. First Solar

Even though stock values are down 28% this year, First Solar is the largest solar provider in the United States. It stands apart from the solar competition because of an ultra-thin technology that holds promise for the future of solar power grids.

Expert Tip

Investors shouldn’t overlook “fossil fuel” stocks. Many businesses that rely on fossil fuels for energy are beginning to invest heavily in renewable energy resources.

Data is accurate as of Oct. 29, 2021, and subject to change.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Katy Hebebrand is a freelance writer with eight years of experience in the financial industry. She earned her BA from the University of West Florida and her MA from Full Sail University. Since beginning to work full-time as a freelance writer three years ago, she has written on topics spanning many fields, including home building, families and parenting, legal and professional/corporate communications.

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