3 Top Infrastructure Stocks to Buy in October
One of the biggest obstacles hindering the global economy's transition to renewable energy is inadequate electric transmission capacity. Not only is the current electrical grid aging and in need of an upgrade, but the electric utility industry needs to build new infrastructure to connect renewables to the existing system. According to an estimate by WIRES, a transmission trade group, the industry needs to invest $90 billion over the next decade to meet the projected growth in renewable energy alone.
Three top infrastructure stocks focused on this opportunity are Atlantica Sustainable Infrastructure (NASDAQ: AY), Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC), and NextEra Energy (NYSE: NEE). That's only part of their story, which makes that great infrastructure stocks to buy this month.
An electricity transmission pylon in the evening.
Source Fool.com
