3 Top Growth Stocks in Renewable Energy
Renewables are projected to become the largest source of energy by 2025 , supplying nearly one-third of electricity worldwide, according to the International Energy Agency (IEA). This global transition from fossil fuels to cleaner, renewable sources of energy is clearly a massive secular growth trend, one that investors in stocks might want to cash in on. Here are three renewable energy stocks that are growing rapidly and poised for even bigger things in coming years.
NextEra Energy (NYSE: NEE) owns the largest regulated utility in the U.S., Florida Power & Light company. It also owns a competitive energy subsidiary, NextEra Energy Resources, which is the world's largest producer of solar and wind energy today. The latter's gigantic hold and growth in the renewable energy industry is largely why NextEra Energy investors have made so much money in recent years. The best part is that NextEra is already setting itself up for the next leg of long-term growth.
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Source Fool.com
