Got $3,000? Here Are 3 Solar Stocks to Buy and Hold for the Long Term
Investments in solar energy are accelerating. The sector is on track to add 10 gigawatts (GW) of new capacity per year through 2022, with that growing to an average annual pace of 18 to 20 GW from 2023 to 2030 thanks to rapidly falling costs for solar panels and battery storage. Solar stocks could thrive over the next decade.
Given the upside potential, investors should strongly consider adding some solar stocks to their portfolios. Building a mini portfolio of companies focused on the sector is a great way to do that. An excellent place to start is by investing $3,000 evenly across top solar stocks like Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), First Solar (NASDAQ: FSLR), and NextEra Energy (NYSE: NEE).
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Source Fool.com
