3 Top Solar Stocks to Buy Right Now
Thanks to the novel coronavirus-inspired market sell-off, there are plenty of new investment opportunities available to those with longtime horizons -- so many so, in fact, that it can seem overwhelming. From investments in toilet paper-affiliated companies to warehouse companies, for example, many investors have their eyes on consumer staples and retail stocks. But another area that's currently receiving less notoriety is the solar power industry.
Shining brightly in 2019, solar power accounted for 40% of all new electric-generating capacity in the United States -- an industry record. Experts had anticipated continued growth in 2020, but the challenges facing the economy due to COVID-19 suggest the industry may not beam as brightly as it did last year.
Nonetheless, the overarching trend remains that solar power is gaining favor and the headwinds facing the industry now are only temporary. Consequently, patient investors can prosper in the long term by initiating positions in solar power-oriented stocks such as Brookfield Renewable Partners (NYSE: BEP), Enphase Energy (NASDAQ: ENPH), and Hawaiian Electric Industries (NYSE: HE).
Source Fool.com
