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. Xinyi Solar Holdings Limited – Up 4.23%
Xinyi Solar Holdings Limited. (OTC: XNYIF). This corporation is in the business of producing and selling solar photovoltaic glasses. Solar Glass Sales, Solar Farm Business, and EPC Services are the company’s three segments.
This stock opened at a price of $1.83 and is trading at an average volume of 5,015.
2. Enphase Energy Inc. – Up 1.98%
Enphase Energy Inc. (NASDAQ: ENPH). Micro inverter solutions for the solar photovoltaic sector are designed, developed, manufactured, and sold by this company. Raghuveer R. Belur and Martin Fornage formed the company in March 2006, and it is based in Fremont, California.
This stock opened at a price of $198.48 and is trading at an average volume of 2.239M.
3. SunPower Corp. – Up 1.79%
SunPower Corp. (NASDAQ: SPWR). Solar panels and systems are designed, manufactured, and delivered by this firm. The firm was established in April 1985 and is based in San Jose, California.zs
This stock closed at a price of $20.72 and is trading at a volume of 3.371M.
4. Scatec ASA – Up 1.66%
Scatec ASA. (OSL: SCATC). This business is in the business of producing, delivering, and deploying solar energy. Alf Bjrseth started the firm on February 2, 2007, and it is based in Oslo, Norway.
This stock opened at a price of $133.55 and is trading at an average volume of 450,074.
5. ITM Power PLC – Up 1.48%
ITM Power PLC (OTC: ITMPF). This organization specializes in producing hydrogen energy solutions. They create hydrogen energy systems for energy storage and clean fuel production, and they develop, build, and sell them.
This stock opened at a price of $5.00 and is trading at an average volume of 16,469.
How To Buy Alternative 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 Green Energy 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:
- E*Trade — 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.
Investing in Clean Energy
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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