The global economy needs to invest trillions of dollars in the coming years to transition its power source from fossil fuels to renewables. There's a tremendous amount of growth ahead for the sector, which could enrich investors who own stocks of companies focused on this transition.
Three that have the potential to produce compelling returns are Atlantica Yield (NASDAQ: AY), Clearway Energy (NYSE: CWEN), and Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI). Not only do they have solid growth prospects, but all three also pay high-yielding dividends. That makes them intriguing options for income-seekers to consider putting on their watchlist.
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