Renewable energy is anticipated to grow in capital structure and profitability in the coming years. The attitude of governments throughout the world toward the implementation of renewable energy measures is mainly responsible for this rise.
Clean energy refers to any energy created from renewable sources that emits no pollutants into the environment.
5 Best Renewable Energy Stocks This Week
The most alluring trait of renewable energy stocks is the potential for significant gains. These stocks have been very consistent over the last decade on the stock market.
Let’s review the 5 best performing renewable energy stocks that investors should keep in mind this week.
1. JinkoSolar Holding Co., Ltd. – Up 5.85%
JinkoSolar Holding Co., Ltd. (NYSE: JKS). This company creates cutting-edge solar panels. It sells its solutions and services as well as distributes solar equipment. Xiande Li, Kangping Chen, and Xianhua Li formed the company on August 3, 2007, and it is based in Shangrao, China.
This stock closed at a price of $45.60 and is trading at a volume of 1.66M.
2. SunPower Corp. – Up 3.60%
SunPower Corp. (OTC: SPWR). Solar panels and systems are designed, manufactured, and delivered by this firm. Thomas L. Dinwoodie, Robert Lorenzini, and Richard M. Swanson formed the firm in April 1985, and it is based in San Jose, California.
This stock closed at a price of $21.93 and is trading at a volume of 2.893M.
3. Plug Power, Inc. – Up 2.38%
Plug Power, Inc. (NASDAQ: PLUG). This firm specializes in the design, development, marketing, and manufacturing of hydrogen and fuel cell systems for the handling of materials and stationary power industries. George C. McNamee and Larry G. Garberding formed the firm on June 27, 1997, and it is based in Latham, New York.
This stock closed at a price of $26.65 and is trading at an average volume of 16.268M.
4. Ballard Power Systems, Inc. – Up 2.30%
Ballard Power Systems, Inc. (NASDAQ: BDLP). This business creates, develops, manufactures, sells, and services fuel cell devices for a wide range of applications. The firm was formed in 1979 and is based in Burnaby, British Columbia, Canada.
This stock closed at a price of $15.31 and is trading at an average volume of 2.616M.
5. First Solar, Inc – Up 2.22%
First Solar, Inc. (NASDA: FSLR). This is a solar panel producer and supplier of utility-scale PV power plants and related services based in the United States. It is a world leader in integrated PV solar solutions based on its advanced module and system technologies.
This stock closed at a price of $95.57 and is trading at an average volume of 2.438M.
How To Buy Renewable Energy Stocks
In just a few simple steps, you can start to invest in some of the best performing stocks. Let’s review the steps necessary to buy renewable energy stocks.
1. Research Companies
Before making any investments, you should always conduct research on the companies and the industry in which they operate. Stock research can assist you in determining whether a firm is necessary to add to your portfolio.
2. Select a Brokerage
Prior to buying any stocks, you must select your preferred brokerage. Here are some of the top options:
- eTrade — Free Stock Trading – Award winning platform and mobile app!
- TradeStation — Also Free stock trading – intuitive stock trading tools. Cash bonus for new accounts (conditions apply).
- M1 Finance: M1 Finance is a self-directed and automated trading and investing brokerage. M1 Finance requires a low minimum investment and provides free automated investing for regular clients. Over 80 professional portfolios are available to you. Individual stock or ETF orders, as well as fractional shares, are now available through M1 Finance. Sign up for M1 Finance here
- Webull: Webull’s improved design for PC and mobile apps caters to novice investors. Webull provides among the cheapest brokerage costs while yet providing excellent stock services.
- Charles Schwab: Charles Schwab offers a user-friendly platform with cheap fees. It offers live chat 24 hours a day, no monthly charge, and same-day check deposit.
3. Open Your Trading Account
You must first establish a trading account before you can begin investing in renewable energy companies. Examine each brokerage to determine whether you can establish an account with everything you’ll need to begin investing.
4. Make a Deposit & Purchase Renewable Energy Stocks
After you’ve established a secure payment method to your account, you’ll need to make a cash deposit before you can start buying renewable energy stocks. When your account has been fully authorized, you may begin investing.
5. Monitor Your Performance
Set up a free portfolio tracker if you don’t already have one. You may personalize trackers with a list of your stock, fund, and ETF holdings on several websites.
Should You Invest in Renewable Energy Stocks?
Investments in renewable energy produce much higher returns than stocks in several other sectors. Green energy stocks are actually less volatile than fossil fuel stocks overall. Renewable energy investment is beginning to grow as a result of their spectacular returns in 2021.
If you would like to begin investing in Renewable energy stocks, you should first seek advice from a financial advisor.
Frequently Asked Questions
Companies involved in the generation, delivery, and sale of nonrenewable energy, as well as associated products and services, make up the nonrenewable energy industry.
The Renewable Energy Sector has been rising over the past year and has proved to be an excellent investment option.
Renewable stocks have paid large dividends on the stock market so far in 2021 due to a high demand for chips.
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