STEM - My Top Energy Stock to Buy in September
Energy plays a huge role in the global economy, and it remains highly divisive within the investment community. There is a slow shift underway from oil and natural gas to renewable sources such as wind and solar power. Stem (NYSE: STEM) could play a major role in this transition, as its technology helps manage the energy grid.
Stem is just starting to accelerate its revenue growth, and its small size within a large energy market makes it a compelling investment idea to consider.
Renewable energy has been around for years, but has seen its usage really increase over the past decade as technology has improved enough to make the cost of producing green energy competitive with that of fossil fuels. According to the International Renewable Energy Agency, the cost of solar power has fallen 82% since 2010.
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My Top Energy Stock to Buy in September