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4 Leading Renewable Energy Stocks to Buy in 2021 and Beyond

TheMotleyFool

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4 Leading Renewable Energy Stocks to Buy in 2021 and Beyond

The global economy is starting to get serious about reducing carbon emissions. This decarbonization megatrend represents an enormous investment opportunity. Companies need to spend trillions of dollars per year over several decades on deploying additional renewable energy capacity to achieve net-zero emissions.

Many companies will benefit from this megatrend. Some of the emerging leaders include electric utilities Consolidated Edison (NYSE: ED), Duke Energy (NYSE: DUK), NextEra Energy (NYSE: NEE), and Xcel Energy (NASDAQ: XEL). Here's why that makes them great renewable energy stocks to buy for 2021 and beyond.