3 Top Solar Stocks to Buy Right Now
Global warming is a major issue today, and one of the key solutions is to rely on cleaner, renewable sources of energy -- like solar power. But the world can't just flip a switch; transitioning to new sources of energy takes time. That means solar power has years of growth ahead of it. If you want to step into what is likely to be a multidecade renewable power growth market, you should take a look at First Solar (NASDAQ: FSLR), TerraForm Power (NASDAQ: TERP), and NextEra Energy (NYSE: NEE) right now.
First Solar makes solar panels. That's not an easy business because First Solar has long had to invest heavily just to keep up with the competition as solar panel quality improves and panel prices decline over time. In fact, its free cash flow has dipped deeply into negative territory over the past year or so as it invests in the next round of solar panel technology (it calls its newest technology Series 6). First Solar could easily end up bleeding red ink on the bottom line in 2019.
Image source: Getty Images.
Source Fool.com
