Why I Just Bought This High-Yielding Renewable-Energy Stock
I've been writing about and investing in the energy industry for nearly a decade. It hasn't been a smooth ride. A combination of commodity price volatility and poor capital allocation decisions have caused the sector to generate poor investment returns in recent years. That has prompted many investors to write this industry off entirely.
That's not something I'm planning to do, because I see pockets of opportunity in the sector. One of the biggest is in renewable energy, which some have dubbed "the most valuable and interesting business opportunity of the 21st century." I'm a firm believer in that view. That's why I'm buying a basket of several renewable-energy stocks so that I don't miss out. I just made my latest purchase, adding renewable-energy yieldco Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) to my portfolio. Here's what I see ahead for the company.
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Source Fool.com
