VSLR - 3 Top Renewable Energy Stocks to Buy in May
Renewable energy stocks have been in turmoil over the last few months as investors wonder how energy investing will change in 2020 and beyond. Electricity consumption is down around the world because of COVID-19 shutdowns, which hurts demand for renewable energy projects large and small, but the bigger problem may come from the industry itself. With demand down, a growing supply of solar panels and wind turbines could leave manufacturers in financial trouble if they again resort to lowering prices to move volume.
However, there are companies built to survive the current environment and thrive well beyond it. Given the dynamics today and long term, I think First Solar (NASDAQ: FSLR), Brookfield Renewable Partners (NYSE: BEP), and Vivint Solar (NYSE: VSLR) are built to last.
Image source: Getty Images.