3 Leading Infrastructure Stocks to Buy in 2021 and Beyond
There's been lots of hype around infrastructure stocks ever since Joe Biden was elected president. Over the months, though, the Biden administration has put forth sweeping spending plans, proving its seriousness about rebuilding America's infrastructure. So you're not wrong to have been optimistic about infrastructure stocks.
In fact, a historical $1 trillion infrastructure bill looks closer to reality now than ever. Even before it's passed, construction spending in the U.S. has risen steadily in recent months to hit record highs as both federal and local governments are loosening their purse strings, especially as the economy rebounds from the COVID-19 pandemic. Some companies are, therefore, already making a lot of money, and higher federal spending under a bill could prove to be their biggest growth catalyst yet. You wouldn't regret owning a piece of these companies, so here are three such top infrastructure stocks to buy and hold in 2021 and beyond.
Biden's infrastructure bill places strong emphasis on clean energy. Among other things, it contains proposals to spend $105 billion on modernizing transportation, including replacing thousands of transit vehicles with zero-emission vehicles, $7.5 billion on electric-vehicle charging infrastructure, $5 billion on zero- and low-emission school buses, and $60 billion on clean energy transmission as Biden aspires for 100% carbon-free electricity by 2025. Solar is a top priority within clean energy.
Source Fool.com
