Three Renewable Energy Stocks to Watch Amid Volatile Oil Prices and Trump's Anti-Wind/Solar Agenda

As oil prices remain volatile, renewable energy stocks are gaining attention. NextEra Energy, a diversified clean energy utility giant, offers a balanced mix of stability and growth. Its regulated utility arm, Florida Power & Light, provides reliable electricity, while its wind and solar assets are less dependent on subsidies. Plug Power, a hydrogen fuel cell company, is also an attractive investment for those looking to capitalize on the growth of clean energy. These companies offer potential long-term growth opportunities despite the current volatility in the oil market.

As oil prices remain volatile, renewable energy stocks are gaining attention from investors seeking stable and sustainable growth opportunities. Two notable companies, NextEra Energy and Plug Power, stand out for their potential in the clean energy sector.

NextEra Energy, Inc. (NYSE:NEE), a diversified clean energy utility giant, offers a balanced mix of stability and growth. The company's regulated utility arm, Florida Power & Light (FP&L), provides reliable electricity to more than 6 million consumer accounts in Florida. FP&L accounts for approximately 70% of NextEra Energy's consolidated operating profitability, providing a steady revenue stream [2]. Additionally, NextEra Energy's renewable energy business, NextEra Energy Resources, generates and sells power in the United States and Canada, with over 37 GW of generation capacity from natural gas, nuclear, wind, and solar. This diversified portfolio ensures that the company's growth is not heavily dependent on subsidies [2].

Plug Power, a hydrogen fuel cell company, is also an attractive investment for those looking to capitalize on the growth of clean energy. The company provides hydrogen fuel cell systems and services for various industries, including logistics, material handling, and power generation. Plug Power's technology offers a clean and efficient alternative to traditional fuels, making it a key player in the transition to renewable energy [3].

Both NextEra Energy and Plug Power offer potential long-term growth opportunities despite the current volatility in the oil market. As the world continues to shift towards sustainable energy sources, these companies are well-positioned to benefit from increasing demand for clean energy solutions.

References:
[1] https://finance.yahoo.com/news/ormat-extends-25-ppa-scppa-083404796.html
[2] https://finance.yahoo.com/news/jpmorgan-raised-nextera-energy-inc-083204893.html
[3] https://www.ainvest.com/news/rolls-royce-smr-unit-strategic-ipo-fuel-clean-energy-transition-2508/