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The stock market is a field of opportunities for those investors who intend to keep an open mind and monitor the ups and downs minutely to make the right buy/sell decisions at the perfect time. Currently, stock markets are struggling with an internal turmoil where several renewable energy companies come out as winners and other non-eco-friendly energy companies are taking a hit. For the past few weeks, the energy fuels stock of companies that depend on oil, gas, coal, and other non-renewable sources of energy has been sinking.
This situation has projected green energy stocks and solar energy companies to the top. Various expert research says that renewable energy stocks are here to stay as they represent a new, better, and sustainable way of living.
Possible Reasons for Green Stocks’ Rise:
Several things seem to influence the exponential rise and driving the interest of many investors in renewable energy companies at the expense of traditional fuel energy companies.
Following are a few factors that could be behind the current scene:
- Support from the Government:
In several environment-conscious countries, the government has accelerated its actions to create a sustainable and eco-friendly world for others. This encouraged people to switch their habit of depending on non-renewable fuels and start opting for solar energy wherever and whenever possible.
Thousands of government buildings have cut down their carbon footprint by installing extensive solar panels and use that energy to run office operations. The government’s desire to offer stimulus packages to regain normalcy in various economies in a post-COVID-19 era is also at work behind the reassuring performance of green energy stocks.
- Ethical Influence on People:
Many who turn to utilise renewable energies such as solar, wind, hydro, biomass, wave, geothermal, etc., instead of the traditional alternatives find it to be an ethical thing to do. By investing in solar energy stocks, people get the chance to help the earth and reduce the harm done by humanity in the past centuries.
According to several green activists, people owe it to the planet that they inhabit to keep it clean, healthy, and stable. An unexpected amount of damage can be reversed if even half of the world switched to using renewable energy instead of depending on companies that dominate oil and gas.
- Immense Room for Growth:
Saving our planet is a bonus that investors could get if they start investing in solar energy stocks. In the eyes of an expert, the primary benefit that investors get is a chance to diversify their portfolio in the most advantageous way.
While oil, gas, and other GHG-releasing conventional energy companies remain volatile, green energy investing could bring a stabilising factor to your stock trading experience. Renewable energy is getting more convenient and affordable day by day which has attracted millions of new buyers and investors who see a growing potential and a consistent source of income.
Why Should You Invest in Green Energy Stocks?
Since solar energy is commonly known as the best alternative to other non-renewable energy sources, it is only natural that solar energy stocks would continue to reflect its popularity in the stock market. People who want to get their hands on affordable, stable, and eco-friendly stocks should consider green energy stocks like solar power companies or wind energy companies.
As this field is working tirelessly to preserve our planet and giving rise to a whole new industry, it has secured the support of several governments. Now is a great opportunity to consider investing in solar energy stocks.
Renewable Energy Stocks worth Investing in
As the clean energy sector is growing extremely fast, people who are interested in investing in renewable energy company stocks need to figure out which ones are worth choosing. According to experts, the following are the best green energy stocks to invest in for people who are starting out:
- Ballard Power Systems (NASDAQ: BLDP)
Proton exchange membrane fuel cell products are a specialty of this company that handles everything from the design, development, manufacture, sale, and service of its products.
- Jinko Solar (NYSE: JKS)
Different types of photovoltaic systems are designed and developed under the JinkoSolar brand which is sold to distributors, utility, commercial, and residential customers.
- SolarEdge Technologies (NASDAQ: SEDG)
This Israeli tech company develops and sells DC inverter systems worldwide that are needed for solar photovoltaic installations.
- Renewable Energy Group Inc. (NASDAQ: REGI)
This company deals with lower-carbon transportation fuels and handles the creation of advanced biomass fuel made from natural fats and greases.
- TransAlta Corp. (NYSE:TAC)
Diverse electrical power is this Canada-based company’s expertise which operates through hydro, wind, and solar segments.
The future of green energy companies is bright since it is a promising prospect. The market is full of opportunities at the moment and thus presents the perfect moment to increase green investment to stay on the winning side.
