3 Energy Stocks to Buy With $500 and Hold Forever

Investing in energy stocks can be a lucrative strategy, especially when focusing on companies with strong long-term prospects. With $500 to invest, consider the following three energy stocks that offer compelling growth opportunities and can be held for the long term.



1. NextEra Energy (NYSE: NEE)
NextEra Energy is the world's largest producer of wind and solar energy, with a diversified portfolio of clean energy assets. The company's strong commitment to renewable energy and its robust financial performance make it an attractive long-term investment.

- Market Capitalization: $145.5 billion
- Dividend Yield: 1.8%
- 5-Year Annualized Total Return: 14.5%

NextEra Energy's extensive experience in renewable energy development and its strategic acquisitions have positioned the company well to capitalize on the growing demand for clean energy. The company's diversified portfolio and strong financial performance make it an ideal choice for long-term investors.



2. Enbridge (NYSE: ENB)
Enbridge is a leading energy infrastructure company that operates a vast network of pipelines, refineries, and renewable energy projects. The company's diversified business model and strong financial performance make it an attractive long-term investment.

- Market Capitalization: $112.5 billion
- Dividend Yield: 6.5%
- 5-Year Annualized Total Return: 10.5%

Enbridge's extensive energy infrastructure network and its commitment to renewable energy projects position the company well to capitalize on the growing demand for energy. The company's strong financial performance and attractive dividend make it an ideal choice for long-term investors.

3. Brookfield Renewable Partners (NYSE: BEP)
Brookfield Renewable Partners is a global renewable energy company with a diversified portfolio of hydroelectric, wind, solar, and energy storage assets. The company's strong commitment to renewable energy and its robust financial performance make it an attractive long-term investment.

- Market Capitalization: $22.5 billion
- Dividend Yield: 3.5%
- 5-Year Annualized Total Return: 12.5%

Brookfield Renewable Partners' extensive experience in renewable energy development and its strategic acquisitions have positioned the company well to capitalize on the growing demand for clean energy. The company's diversified portfolio and strong financial performance make it an ideal choice for long-term investors.



In conclusion, investing in energy stocks can be a rewarding strategy for long-term investors. By focusing on companies with strong long-term prospects, such as NextEra Energy, Enbridge, and Brookfield Renewable Partners, investors can build a diversified portfolio of energy stocks that can generate significant returns over time.