TTE - Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever
2024-04-24 04:05:00 ET
If you're considering investing in the energy sector, it is hard to avoid the concerns around the shift from carbon fuels to cleaner alternatives like solar and wind power. You do need to take into account the transition that is taking place, but the important takeaway is that it is a slow-moving change.
That's why energy companies like Enbridge (NYSE: ENB) and TotalEnergies (NYSE: TTE) , with their feet still firmly in the carbon energy world, are two great dividend stocks to consider buying today.
Clean energy is not a fad; it is a very real threat to older, dirtier energy sources. For example, coal use in the United States has plummeted as the use of cleaner natural gas has increased. Solar and wind power are also spreading rapidly. However, solar and wind are building off of a very small base, so the growth rates are high, but they still have room to increase as a percentage of the overall energy pie.
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Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever