The energy industry is transforming at a rapid rate. The emergence of increasingly cost-effective renewable technologies like solar and wind are completely changing the industry. Electric utilities are starting to grapple with the fact that these new forms of energy will likely dominate the narrative moving forward. Whereas some utilities are embracing this change, others are struggling to adapt.
A few energy companies like NextEra Energy (NEE), AES Corp. (AES), and Duke Energy (DUK) are pouring billions of dollars into renewables. These companies are well-positioned to take advantage of