3 Climate Change Stocks to Consider Buying Now
"One of the biggest trends of the 2020s decade will likely be an unfortunate one: climate change," I wrote in an opening to a January 2020 article in which I chose three top climate change stocks to consider buying: water utility giant American Water Works (NYSE: AWK), swimming pool supply wholesaler Pool Corp. (NASDAQ: POOL), and backup power specialist Generac Holdings (NYSE: GNRC).
I feel even more strongly about that statement nearly two years later, as the effects of climate change have recently become even more obvious. In June and July, the Pacific Northwest was scorched by a heatwave that shattered numerous all-time records. Late last month, Hurricane Ida not only left more than 1 million homes and businesses without power in Louisiana alone, but its remnants also caused catastrophic, record-breaking flooding in the densely populated Northeast.
As a combined portfolio, my three climate change stock picks have crushed the market over the past 20 months by returning an average of 158%, or more than four times the S&P 500's 37.2% return. (Stock chart follows below.) All three stocks are still worth considering buying if you're a long-term investor.
Source Fool.com
