Top 5 Renewable Energy Stocks to Watch in 2021
The global transition to clean power and growing demand for renewable energy has been a tailwind for this sector. With the ESG movement, more and more renewable energy companies are seeing large investments from funds and are awarded higher multiples. The Biden presidency is also expected to be a tailwind with infrastructure spending and investments in renewable energy.
Many renewable energy stocks operate in regulated markets and offer stable returns on investments. They usually pay a dividend that should increase over time.
Here are the top 5 renewable energy stocks to watch in 2021:
Europe's biggest utility. His top pick for global transition to clean power. At the forefront of the transition. Based in Italy, operates across multiple geographies. New green deal should provide a lot of funding, of which Enel should be the prime beneficiary. Nice entry point here. Yield is 4.21%. (Analysts’ price target is $9.13)
How to play the U.S. reopening in a short-term trade. She isn't hugely positive on energy, given ESG concerns--more regulation will come (which will raise costs) as we've seen in Europe now and she expects that to reach the US in the next few years. Too many obstacles for energy names now. In energy, she…
(A Top Pick Aug 11/20, Up 11%) Defensive. Visible cashflow. Income story, not a growth story. Yield is 3.5%, not the absolute highest but still attractive. Company anticipates growing dividend at 6% through 2025. Green economy will benefit them.
(A Top Pick Sep 15/20, Up 8%) She'd buy it here. 90% of their earnings come from the US. Pays a nice nearly 4% dividend and should grow 10% this year and continue to grow in coming years through a capital program. They've struck deals with Chevron and JPMorgan to reduce their carbon footprint.
(A Top Pick Sep 01/20, Down 25%) Had a nice run, but then missed numbers without providing guidance ahead of time. The market didn't like this. Small cap consolidation has also impacted the stock. Affected by Covid. Pipeline is still really full, fairly solid reputation, renewable tailwinds. Confident stock will come back.