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25.11.2024 12:16:00

Got $1,000? Here Are 3 Great Energy Stocks to Buy Right Now.

The energy industry has reached a major inflection point. It was already slowly transitioning to cleaner energy sources to combat the potentially worse impacts of climate change. Now, demand for electricity is on track to accelerate in the coming years, powered by the electrification of transportation and increased digitalization, including an expected surge in demand by power-hungry artificial intelligence (AI) data centers.Given that outlook, several energy stocks look like compelling buys these days. Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Clearway Energy (NYSE: CWEN.A)(NYSE: CWEN), and NextEra Energy (NYSE: NEE) stand out to a few Fool.com contributors as the best ones to buy for those with $1,000 to invest right now. Here's why they like that trio the best.Reuben Gregg Brewer (Brookfield Renewable): A strange pair of trends is taking shape at Brookfield Renewable. On the one hand, it is selling assets at prices it thinks are attractive. On the other hand, it is using the proceeds from those sales to buy investments it thinks are attractively priced. The confounding fact here is that both assets are in the same sector: clean energy. That's not as odd as it sounds.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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