Stocks of the 5 best renewable energy companies

Due to the growing energy crisis and the global shift to green energy, renewable energy stocks are becoming increasingly popular among investors. Investing in renewable energy companies indicates a healthy financial future as these companies are growing significantly and will provide returns in this sector for many years to come. If you are also considering investing in sustainable energy, be sure to take a look at the shares of these sustainable energy companies. Let us know.

1. First solar energy (FSLR)

First Solar is one of India’s leading solar panel manufacturing companies. This company recently invested $2.8 billion in its solar projects, increasing production capacity by 7.9 gigawatts. Financially, First Solar’s annual turnover increased by 27.37% and the net result by 645.8%. These impressive numbers make First Solar a strong candidate for investors looking to capitalize on the solar momentum.

2. Dominion Energy (D)

Dominion Energy is popular with investors for its strong financial position and commitment to sustainable energy projects. The company aims to achieve net-zero carbon and methane emissions by 2050, becoming a stable investment option. This company’s strategic initiative in clean energy increases its appeal as a long-term investment.

3. Enphase Energy (ENPH)

Enphase Energy is a well-known company that provides solar energy solutions. Despite the recent 22% share price drop, the company still offers good long-term investment returns with further potential for return. Analysts estimate that the stock could rise 44.47%, making it an attractive investment opportunity.

4. Clearway Energy (CWEN)

This company is America’s leading sustainable energy company that is far ahead in the field of wind and solar energy. The company offers a dividend yield of 5.8% and demonstrates stability in its financial performance. Clearway Energy’s strong financial position and stable cash flow make it an attractive option for investors looking for returns.

5. NextEra Energy (NO)

NextEra Energy is one of the world’s largest renewable energy companies, known for its wind and solar projects. This company strengthened its adjusted earnings per share to 9% in 2023. For 2024, NextEra Energy expects earnings per share to grow between 2% and 8%, along with a 10% dividend increase. Given its current performance and strong financial position, NextEra Energy offers an excellent future investment.