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Best Renewable Energy Stocks for 2024

Some think investing in renewable energy is an ethical act, like planting a tree or being part of a volunteering community. However, investing in renewable energy could actually balance out your investments.
Best Renewable Energy Stocks for 2024
Investing in renewable energy can help you diversify your portfolio. Cleantech is rapidly evolving every year, and the price of renewable energy is continuing to fall.
In this article
  • Investing in renewable energy can help you diversify your portfolio. 
  • Cleantech is growing at an exponential rate every year, while price of renewable energy is experiencing a decline.
  • In recent years, more and more people invest in ESG funds.

According to Forbes, renewable energy will continue to add capacity by more than 200GW globally in 2021, and the price of renewable energy is expected to continue to fall. Indeed, this is making the earth a better place. But did you know that you can invest in renewable energy stocks? It’s not just about environmental conservation, as investing in renewable energy can help you diversify your portfolio. 

Some think investing in renewable energy is an ethical act, like planting a tree or being part of a volunteering community. However, investing in renewable energy could actually balance out your investments whenever oil or other traditional energy stocks become unpredictable.

The cleantech industry is also rapidly evolving every year, and the price of renewable energy is continuing to fall. Since many countries, companies, and regions have begun embracing cleantech and sustainable energy generation, renewable energy stocks are becoming cheap and affordable to investors.

Invest in ESG funds

In recent years, more and more people have invested in ESG funds. ESG funds (environmental, social, and governance funds) are funds in which environmental, social, and governance elements are combined into portfolios. This means the equities and bonds need to comply with the given ESG criteria.

For example, a fund that does well in the environment criterion would mostly avoid investing in companies with a large carbon footprint. Thus, you can try mutual funds as you attain exposure to multiple companies simultaneously, instead of researching for individual cleantech companies.

Here are some stocks you can consider. Please note that the stocks mentioned below might perform well at present, but may not perform the same way during the next week or year. Investing in individual stocks is naturally risky and should be done with care and caution.

Also know about: Stocks v/s Bonds

Some renewable energy stocks you can consider

China Recycling Energy Corporation

Atlantica Sustainable Infrastructure (PLC)

NextEra Energy Partners

Fusion Fuel Green (PLC Class A)

Ormat Technologies

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Richard Samuel

E Richard Samuel loves learning. From finding out the newest food in town to traveling and writing, he loves learning about everything. When he’s not writing, he’s probably trying to master the piano or watching food reviews.

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This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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