Climate activists are recognized for focusing on the consequences of using and exhausting nonrenewable energy sources such as coal and oil. Regardless of the environment, unrestrained reliance on nonrenewable energy sources, according to Dr. John Goyt, is a terrible mistake. He claims that we need to move away from coal and gas and toward renewable energy. The number of electric vehicles on the road is predicted to reach 145 million by 2030. The Deliverator from Arcimoto, Inc. has even begun to take the place of the typical delivery vehicle. Renewable energy demand is expected to rise in 2020. New York State has committed $400 million to port infrastructure development, demonstrating its support for off-shore wind ports. According to a Deloitte analysis on the renewable energy prognosis for 2021, demand for renewables has increased for 153 days in a row.
Insider Monkey takes a look at some of the most popular renewable energy stocks among hedge funds as of the first quarter of 2021. NextEra Energy Partners, LP is a renewable energy utility based in the United States. Hedge funds rate NextEra 10th on the list of the top renewable energy stocks to purchase. Solar and wind projects make up the company’s portfolio. Hedge funds rank Xcel Energy, Inc. 9th on the list of the best renewable energy companies. Hydroelectric, solar, biomass, and wind power are all used by the corporation to create electricity. Natural gas pipelines, storage, and compression facilities are also developed and leased by the company. Hedge funds rate Renewable Energy Group, Inc. eighth on the list of the top renewable energy stocks to purchase. Citi gave the business a “Buy” rating and a $90 price target on June 9th. Clearway Energy, Inc. ranks 7th on our list of the best renewable energy stocks to buy according to hedge funds. The company is immersed in the renewable energy industry in the US and has a portfolio of district energy systems. First Solar, Inc. is a solar-focused renewable energy company that offers photovoltaic solar energy solutions. According to hedge funds, the company ranks 6th on the list of the top renewable energy companies to purchase. For more details, click 10 Best Renewable Energy Stocks to Buy According to Hedge Funds.
