Cathie Wood Should Like These Energy Storage Names Even More Than Tesla
Energy storage has long been a high-potential industry as the cost of batteries and other technologies fall rapidly and new intermittent electricity sources like wind and solar proliferate on the grid. But only recently has energy storage been financially viable for everyone from homeowners to utilities.
As this industry evolves, there are multiple ways to invest in this growing segment of renewable energy stocks, including with a company like Tesla (NASDAQ: TSLA). But Tesla only gets a small percentage of its revenue from energy storage and there may be better ways to invest in growth for the industry.
As an early investor in innovative technologies, including energy storage, ARK Invest CEO Cathie Wood counts Tesla as a top holding in her ARK Innovation ETF. But three Fool.com contributors think Bloom Energy (NYSE: BE), Enphase Energy (NASDAQ: ENPH), and Lucid Motors (NASDAQ: LCID) are even better energy storage buys for investors than Tesla.
Source Fool.com
