NEP - 3 Top Renewable-Energy Stocks to Buy Right Now
In the past five years, the global economy has invested $1.5 trillion on adding new renewable energy generating capacity, according to Bloomberg New Energy Finance. While that's a massive amount of money, it's just the tip of the iceberg. In the next decade, the global economy could pour another $5 trillion-$10 trillion into renewable energy to help stem the effects of climate change.
The sector represents an enormous multi-decade growth opportunity for investors. Three of the top companies focused on this market are Brookfield Renewable Partners (NYSE: BEP), TerraForm Power (NASDAQ: TERP), and NextEra Energy Partners (NYSE: NEP). All three boast excellent growth prospects while also paying an attractive dividend. That should give them plenty of power to generate strong total returns, making them great long-term buys right now.
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