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:
1.-Enel Societa Per Azioni (EN-N)
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)
Don't be scared in coming weeks over talk of regulation about Florida Power & Light, always a tailwind. The play here is solar, which will continue to grow, so hold on.
(A Top Pick Mar 15/22, Down 2%) A core holding. Have raised their income the last 49 years. 99% of cash flow is regulated. Yields 3.9%. Continues to like it. Shares are down because of rising rates. In a slowing economy, you need defensive dividend stocks.
4.-Algonquin Power & Utilities Corp(AQN-T)
Allan Tong’s Discover Picks Then, last Friday when markets were selling off yet again, AQN rallied 3% after issuing its latest report. Q4-2022 adjusted EPS came in at $0.22, which missed the street’s estimate of $0.27, while the full-year clocked in at $0.69 “near the top end of” their revised guidance. At least Q4 adjusted…
5.-Xebec Adsorptions Inc (XBC-X)
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Continues to expand globally via partnerships. RNG and hydrogen tailwinds. Lower valuation risk.