My Best Renewable Energy Stock for 2021
The global economy is in the midst of transitioning its power source from fossil fuels to renewable energy. It will take decades and trillions of dollars to make that switch. That makes it a mega-trend that investors won't want to miss because it has the potential to produce powerful returns.
One of the early leaders in this transition is utility Xcel Energy (NASDAQ: XEL). While the company currently has a carbon-heavy business, it was the first utility to pledge to be carbon-free by 2050. That strategy has the potential to produce attractive total returns in the coming years. Add that upside to its relative underperformance last year, and it stands out as one of the best renewable energy stocks for 2021 and beyond.
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Source Fool.com
