TOT - 3 Stocks You Didn't Know Were Betting on Renewable Energy
Investment in renewable energy isn't limited to solar and wind developers. Some of the biggest companies in the world are investing heavily in renewable energy. For example, according to the Solar Energy Industries Association, Apple , Amazon , and Walmart are the biggest solar energy investors in the U.S., and commercial customers are responsible for 8,350 megawatts (MW) of solar installations in the U.S. And that's just corporate investment in solar, a portion of the renewable energy industry.
I've highlighted that a number of big companies are betting on renewable energy, but what are the companies that would surprise you with their level of investment? Three of our Motley Fool contributors think Total (NYSE: TOT) , Cummins (NYSE: CMI) , and Phillips 66 (NYSE: PSX) are secretly renewable energy stocks in the making.
Image source: Getty Images.
For further details see:
3 Stocks You Didn't Know Were Betting on Renewable Energy