Renewable Energy Stock: A Guide to the Top Picks for 2018

Renewable Energy Stock: A Guide to the Top Picks for 2018
If you’re considering investing in renewable energy stocks, then this guide is for you. We’ll cover the top picks for 2018, as well as the benefits and risks of investing in renewable energy.The world is shifting to cleaner sources of energy, and there’s no better way to profit from this trend than by investing in renewable energy stocks. Not only are you supporting a cleaner environment, but you’re also likely to see some great returns on your investment. Of course, there are always risks involved with any investment, so be sure to do your research before putting your money into...
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If you’re considering investing in renewable energy stocks, then this guide is for you. We’ll cover the top picks for 2018, as well as the benefits and risks of investing in renewable energy.The world is shifting to cleaner sources of energy, and there’s no better way to profit from this trend than by investing in renewable energy stocks. Not only are you supporting a cleaner environment, but you’re also likely to see some great returns on your investment. Of course, there are always risks involved with any investment, so be sure to do your research before putting your money into any one company.Now let’s take a look at some of the best renewable energy stocks for 2018.
Renewable Energy Stock: A Guide to the Top Picks for 2018.
The Top Picks.
There are many different types of renewable energy stocks, and picking the right one can be tricky. However, there are a few that stand out as top picks for 2018.
First on our list is First Solar (NASDAQ: FSLR). First Solar is a leading manufacturer of solar panels and has been in business for over 15 years. The company has a strong financial position, with over $3 billion in cash and no debt. First Solar also has a strong track record of growth, with revenues increasing from $2.6 billion in 2016 to $4.1 billion in 2017.
Another top pick is SunPower (NASDAQ: SPWR). SunPower is a leading solar developer and installer, with over 2 GW of installed capacity worldwide. The company has a strong financial position, with over $1 billion in cash and no debt. SunPower also has a good growth prospects, with analysts expecting revenues to increase from $2.5 billion in 2017 to $3.4 billion in 2020.
Finally, we have Vestas Wind Systems (OTC: VWDRY). Vestas is the world’s largest wind turbine manufacturer, with over 60 GW of installed capacity worldwide. The company has a strong financial position, with over €10 billion in sales and €1 billion in net profit last year. Vestas also has good growth prospects, with analysts expecting revenues to increase from €9 billion in 2017 to €12 billion by 2020.
The Benefits of Renewable Energy Stocks.
Financial Benefits.
The most obvious benefit of renewable energy stocks is the potential for financial gain. Renewable energy is an industry that is growing rapidly, and investing in renewable energy stocks now could mean big profits in the future. Many renewable energy stocks are still relatively new and not well known, which means there is a lot of potential for growth.
There are also tax benefits to investing in renewable energy stocks. In the United States, for example, there are tax credits available for those who invest in renewable energy projects. These tax credits can offset some of the costs of investing in renewable energy stocks, making them more attractive to investors.
Environmental Benefits.
In addition to the financial benefits, there are also environmental benefits to investing in renewable energy stocks. Renewable energy sources such as solar and wind power generate electricity without emitting greenhouse gases into the atmosphere. This means that they are much better for the environment than fossil fuels such as coal and oil.
Investing in renewable energy can help reduce our reliance on fossil fuels and make a positive impact on the environment. It can also help create jobs in the clean energy sector, which is good for both the economy and the environment.
Social Benefits.
Finally, there are social benefits to investing in renewable energy stocks as well. Renewable energy projects often have a positive impact on communities where they are located. For example, they can create jobs and provide training opportunities for local residents. They can also improve air quality and provide other health benefits to those living ne...