Renewable energy stocks present an opportunity to profit as the world continues to move toward a clean energy future.
To learn how we complied this list, read our methodology below.
National Grid is a UK-based public utilities company that delivers electricity, natural gas and clean energy to more than 20 million customers throughout the UK, New York and Massachusetts. The company has several renewable energy projects underway in the US and UK. These include an active 200 megawatt (MW) solar project in Illinois and an upcoming 3,000 MW wind project offshore New York and New Jersey.
The company plans to eliminate fossil fuels from its existing gas network by 2050.
California-based Enphase Energy is a global energy technology company that designs, produces and sells solar energy generation, storage, control and management solutions in the US and internationally. Its products include semiconductor-based microinverters that work with most solar panels, battery systems and electric vehicle (EV) chargers. The company’s Enphase Energy System combines these products and lets customers generate, use, save and sell their own power.
Norway-based Equinor ASA is an international energy company with operations in approximately 30 countries in North and South America, Africa, Asia and Europe. Equinor’s projects encompass oil and gas, renewables and low-carbon solutions. It operates offshore wind projects in the UK, the US and in the Baltic Sea, solar projects in Brazil and Argentina and carbon capture projects in Norway.
Sempra is an energy infrastructure company headquartered in San Francisco, California. It serves more than 40 million consumers through its three segments: Sempra California, Sempra Texas and Sempra Infrastructure. In addition to its natural gas portfolio, Sempra Infrastructure operates more than 1,600 MWs of US-Mexico cross-border clean energy projects, including solar, wind and battery storage solutions.
Phillips 66 is an energy manufacturing and logistics company based in Houston, Texas. While it primarily operates through four segments — Midstream, Chemicals, Refining and Marketing — Phillips 66 is actively investing and developing various renewable energy sources. These include renewable fuels like renewable diesel, sustainable aviation fuel, renewable natural gas and renewable naphtha.
The company’s most recent investment includes a project to convert its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities.
Vistra is an integrated electricity and power generation company based in Irving, Texas. The company operates in 20 states and the District of Columbia, as well as Canada, serving nearly 4.3 million residential, commercial and industrial retail customers.
According to Vistra, it’s the largest competitive power generator in the US. Its capacity of approximately 39,000 MWs is powered by a portfolio that includes natural gas, nuclear, solar and battery energy storage facilities.
CMS Energy is Michigan’s largest electric and natural gas utility company. Through its segment CMS Enterprises, CMS Energy owns and operates wind, solar and energy storage projects. These include its Aviator Wind project, a 525 MW wind energy project in Coke County, Texas, its Northwest Ohio Wind project in Ohio, its Flambeau Solar project in Wisconsin and its Delta Solar and its Hart Solar projects in Michigan.
Consolidated Edison provides electric, gas and steam service to 10 million New York residents, sourcing its electricity from various solar, wind or generating stations. It’s the second-largest solar power producer in North America.
The company is working to build an electric grid that delivers 100% clean energy by 2040. Project initiatives will include the development of “clean energy hubs” to facilitate 6,000 MWs of offshore wind and investing more than $1 billion in clean energy projects from 2021 to 2023.
Brookfield Infrastructure Partners owns and operates global infrastructure assets. It owns over 6,000 power generating facilities in North and South America, Europe, India and China, with approximately 21,000 MWs of generating capacity across its hydro, wind, solar, distributed generation, storage and other renewable technologies.
San Francisco-based Pacific Gas & Electric Company (PG&E) is one of the largest combined natural gas and electric energy companies in the US, delivering energy to nearly 16 million people in Northern and Central California. Currently, 33% of its delivered electricity comes from renewable sources, including solar, wind, geothermal, small hydroelectric and various forms of bioenergy.
We used Finder’s proprietary algorithm to rate stocks listed on the NYSE and Nasdaq based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins.
This might indicate a quality stock, but we do not guarantee the performance or returns of any investment. To avoid smaller, more speculative stocks, we only include companies with a market cap of more than USD $1 billion. In order to better compare historical data, we filtered out stocks that have been listed for less than five years.
This methodology no doubt filters out some good stocks, so our decision to include or exclude a stock from our list doesn’t indicate whether it’s a good or bad investment. For more information about our algorithm, check out our stock ranking page.
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