Three Good New Energy Bets
3 Top Renewable Energy Stocks to Watch in September; These investors are keeping an eye on the shares of NextEra Energy Partners, First Solar, and Brookfield Renewable Partners. Here's why.
Tyler Crowe, Matthew DiLallo, And Reuben Gregg Brewer, September 15, 2018 (The Motley Fool)
“[New Energy] will generate 50% of the world's electricity by 2050, which means trillions of dollars in investment…[Motley Fool contributors] are keeping a close eye on NextEra Energy Partners (NYSE:NEP), First Solar(NASDAQ:FSLR), and Brookfield Renewable Partners (NYSE:BEP)…[Clean energy company NextEra Energy Partners] anticipates that it can increase its 3.7%-yielding dividend at a 12% to 15% annual rate through at least 2023…[Solar panel manufacturer First Solar’s sales were down more than 45%...and gross margins on panels sold slipped into negative territory…[But solar is becoming] more cost competitive by the day and is already less expensive than fossil fuels in many cases on an unsubsidized basis…[First Solar has the resources to] position itself to be stronger for when the winds for solar shift in its favor again…[Brookfield Renewable got 75% of its Q2 revenue from] hydroelectric plants…[That gives it] a solid foundation on which to grow…It’s shares are down but its yield] is a robust 6.3%...[and it expects its investments and acquisitions in wind and solar] to support 5% to 9% annual distribution growth…[The] recent price drop is an opportunity for income investors to pick up a high-yield renewable power company…” click here for more