The smartest investors tend to take a thematic approach to investing. They concentrate on megatrends that have the power to drive outsized growth over the long term.

Two of the biggest megatrends that are already underway are decarbonization and digitalization. Companies will spend trillions of dollars to reduce their carbon footprints and digitize their businesses in the coming years. Three leaders in these fields are Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Equinix (NASDAQ: EQIX), and Palo Alto Networks (NASDAQ: PANW). That makes them great growth stocks to buy with high conviction right now.

The management team at Brookfield Renewable estimates that the global economy will need to invest $150 trillion over the next 30 years to fully decarbonize. It's in an excellent position to capitalize on this megatrend. The company has built a leading global clean energy business focused on all aspects of decarbonization.

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Source Fool.com