3 Reasons to Invest in Renewable Energy Stocks
The headlines are filled with stories about how important it is for the world to shift toward clean energy. That remains true even as oil prices, and the shares of oil stocks, rally thanks to geopolitical tensions and lingering supply/demand disruptions from the coronavirus pandemic. And yet clean energy stocks, using iShares Global Clean Energy ETF as a proxy, are still roughly 20% below their late-2021 highs. For long-term investors, that could spell an opportunity. Here's why.
Every carbon energy company will tell you that the energy landscape is changing. Some companies, like Europe's TotalEnergies, BP, and Shell, are looking to change too, buying and building clean energy assets with the cash flows provided by oil and natural gas. In fact, even Chevron and ExxonMobil are talking more about clean energy, though they aren't nearly as far along as their European peers in the transition process.
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Source Fool.com
