BP's Green Energy Shift Is Huge -- Should You Buy the Stock?
The world is shifting toward clean energy, which will lead to years of growth for options like solar and wind. BP (NYSE: BP) has, basically, said it sees the writing on the wall and is ready to make a green energy shift along with the rest of the world. Is the company's big plan enough to make the stock a buy?
The big picture story in the energy sector is that the world is moving toward low-carbon alternatives, like solar and wind power, among other options. So far that's meant a massive drop in demand for coal and fears that oil will be next. For the global energy sector, which has long benefited from steadily rising demand for oil and natural gas, this would be a change in dynamics that has, basically, never been seen before. This shift is very real, but the question is when it will have a material effect... and no one has the answer to that question.
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Source Fool.com
