The renewable energy industry has come to life in just the last few weeks because the market expects interest rates to decrease over the next two years, making project financing more cost-effective. After a tough 2023, that's a welcome relief for the industry.

Many renewable energy stocks are trading at levels not seen for years, and that's where there's opportunity for investors. I think (NASDAQ: SPWR), Enphase Energy (NASDAQ: ENPH), and NextEra Energy Partners (NYSE: NEP) are all well-positioned for a big recovery in 2024.

SunPower is a residential solar installer, technology, and finance company. It spun off its manufacturing unit in 2020 and now focuses on providing technology and financing for both owned and third-party installers.

Continue reading

Source Fool.com