2023-10-31 07:15:00 ET
The renewable energy industry has gone through a major lull because higher interest rates are making new investments more difficult. But the long-term trends are still generally positive for the industry. Electricity usage is up, oil and gas usage is rising and prices are increasing, and electrification continues to be a long-term trend.
In the next energy bull market, the stocks that I think are well positioned are SunPower (NASDAQ: SPWR) , NextEra Energy Partners (NYSE: NEP) , and automaker Rivian (NASDAQ: RIVN) .
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Prediction: These 3 Stocks Could Skyrocket in the Next Bull market