Solar power is red hot these days. Because of rapidly falling costs and climate change concerns, the U.S. is pouring billions of dollars into building new solar power generating capacity. As a result, the amount of electricity the country produces from the sun is on track to grow 10% this year and another 17% in 2020, according to a forecast by the U.S. Energy Information Administration.
This outlook suggests that companies focused on the solar sector should thrive in the coming years. Three companies well positioned for the industry's bright future are Brookfield Renewable Partners (NYSE: BEP), TerraForm Power (NASDAQ: TERP), and NextEra Energy (NYSE: NEE). Here's a closer look at why they're the top options to buy these days.
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