With the world going green, cheap renewable energy stocks won’t stay down for long.
For one, power generated from renewables is setting new records, and is expected to grow as wind and solar gain momentum. So far, according to The Wall Street Journal, “Nearly a quarter of U.S. electricity demand was supplied by renewable sources in 2023 and just under 9% of total energy used came from green sources, according to a new report from Bloomberg NEF.”
“By 2028, renewables are projected to make up 23.7% of total electrical-power generation in the U.S.,” they added.
Aside from solar, nuclear power is gaining momentum, too.
Most recently, about 22 countries, including the U.S., Canada, the UK, and France just pledged to triple their nuclear capacity by 2050 at the 28th Annual UN Climate Change Conference. Even copper prices are soaring thanks to increasing demand for green energy.
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That being said, investors may want to consider renewable energy ETFs, such as: ETF: Global X Uranium ETF (SYM: URA) With an expense ratio of 0.69%, the ETF invests in companies involved in uranium mining and production, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. |
Colonial Metals
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ETF: Global X Lithium & Battery ETF (SYM: LIT) With an expense ratio of 0.75%, this one invests in stocks involved with lithium mining, refining, and battery production. |
InvestorPlace
Jeff Bezos Next Trillion Dollar Bet
While the world has been obsessed with AI and ChatGPT… Jeff Bezos has quietly gone all in on a technology that’s going to prove to be FAR bigger. If you’ve never heard of “QaaS” technology you need to click here now.
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ETF: Invesco Solar ETF (SYM: TAN) With an expense ratio of 0.69%, the fund invests at least 90% of its total assets in the securities that make up the MAC Global Solar Energy Index. Some of those top holdings include Enphase Energy, First Solar, SolarEdge and Sunrun. |
