Not All Renewable Stocks Are Equal – California News Times


I have repeatedly said that green energy is the future.

But it’s not future already. It’s here now.

Energy infrastructure investment by institutional investors breaks through $ 31 billion in the previous quarter.. And 65% of that amount was spent on renewable energy. Only 8% went to traditional energy projects, and much of the rest went to hybrid projects.

Ladies and gentlemen, this is happening now.

I grew up in West Virginia. In West Virginia, “green energy” was a dirty word not mentioned in polite companies. After all, West Virginia is a coal country!

Flow of investment in green energy

But even in West Virginia, investment is flowing into renewable energy projects. They have to do it.

Wind and solar energy are now generally defeating coal at cost. West Virginia doesn’t have as much wind and sun as coal, but wind now accounts for 3.4% of all electricity generated in the state and will soon pass through natural gas.

Politics is not killing coal. It’s basic economics.

In 2010, renewable energy accounted for only 10% of the country’s power grid. It will reach 22% this year, and the Energy Information Agency predicts that it will reach at least 30% by 2025.

From 2025 to 2050, total coal, gas and nuclear power will be stable.But all growth The amount of power generated will be renewable energy.

Problems in the transition to renewable energy in Europe

2050 is far away now. Many things can happen from now on. The transition to renewable energy is not always smooth.

You can see it in Europe today.Europe was a little that too Active in greening the energy supply, we are currently facing a nasty gas shortage.

The inconsistent winds this summer forced Europeans to devote more to the supply of natural gas.

On top of that, a colder spring than expected, a faster-than-expected economic recovery from COVID, a slight decline in new supply from Russia … and an unwanted oversupply of natural gas in Europe turned into a shortage.

This is not the last case, but one of the reasons why investing in space is difficult.

The smartest way to invest in renewable energy

You can purchase exchange-traded funds (baskets of stocks). Invesco Solar ETF (NYSE: TAN).. This fund will give you exposure to many renewable stocks. And its stock price should rise with the renewable energy megatrend.

However, poor performers reduce the overall value of the stock.

In my flagship newsletter Green Zone Fortune, I have identified renewable energy as a durable megatrend that has been investing for decades.

However, I take a “pick and shovel” approach to investing, focusing on suppliers to the industry. I don’t know if individual wind or solar projects will work or which one will bust, NS We know that hundreds of billions of dollars of infrastructure money are flooding this space.

I want to buy a supplier that can stand up to the wave of demand.

In June, we recommended a stake in an electrical engineering company busy building the infrastructure needed to move to green energy and the infrastructure to serve an ever-growing number of electric vehicles.

My readers have increased by about 30% in just over three months and are expected to be much more profitable in the future.

To get the full picture of this stock, and to get more than 12 other stocks screaming to buy at today’s prices. Click here for more information Green Zone Fortune..

For good profit

Adam Odel

Chief Investment Strategist, Money & Market

Not All Renewable Stocks Are Equal Source link Not All Renewable Stocks Are Equal


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