AI could drive accelerated demand for electricity in the coming years. Brookfield Renewable is emerging as a key beneficiary of the expected surge in renewable energy demand.
As much as there is a belief in the future of fossil fuels as a superior energy source to meet global demand, there are clearly profitable opportunities in renewable energy stocks to buy. The U.S. Energy Information Administration forecasts electricity generation will grow by about 3% in 2024 and 1% next year with renewables — mostly solar — supplying most of that growth.
Despite the current economic headwinds, you'd be remiss if you ignore the best renewable energy stocks to buy now. Over the years, the renewable energy space has shown tremendous promise with a highly compelling long-term growth runway.
Are nuclear stocks the next big thing in green energy investing? Recent developments certainly point to that prospect as the alternative energy source attracts increasing legislative and consumer attention — even as sustainable solutions like electric vehicles increasingly fall out of favor.
Brookfield Renewable has grown its earnings and dividend briskly over the years. It has plenty of power to continue growing rapidly.
Anyone investing in renewable energy stocks knows that the past few years have been rough. High interest rates and weaker consumer sentiment have hit the sector hard.
Brookfield Renewable is down over 40% from its peak levels and offers an attractive yield. Enbridge is off of its recent highs by around 25% and has a high yield.
After a slump throughout 2022 and 2023 — largely due to tighter monetary policy — sustainable energy stocks may soon surge again. In-development and installed renewables grew by about 10% to 3,609 gigawatts in 2023 and might serve as a leading indicator that the wider sector is set to boom.
Enterprise Products Partners is a reliable income investment providing energy customers with vital services. Brookfield Infrastructure built its business to endure market storms.
NextEra Energy has a diversified business and a long history of rapid dividend growth behind it. Brookfield Renewable is laser-focused on clean energy and returning value to investors via regular dividends.
Higher interest rates have weighed on renewable energy dividend stocks in recent years. That headwind should fade, boosting the values of Brookfield Renewable and Clearway Energy.
Brookfield Renewable is a leader in renewable energy. It pays an attractive and growing dividend.