Is Now the Time to Invest in Renewable Energy Stocks?
The world is pushing toward a clean energy future and Wall Street is following along for the ride. But should you invest in renewable power stocks right now? Here's what one big North American energy company is doing and what it says about the broader clean energy sector.
Shares of master limited partnership (MLP) NextEra Energy Partners, which invests heavily in clean energy assets like solar and wind power, are up 175% over the past five years. Parent NextEra Energy, a giant U.S. utility with material clean energy exposure, is up 155%. Real estate investment trust (REIT) Hannon Armstrong Sustainable Infrastructure Capital, which helps finance renewable power projects, has seen a stock increase of 190% over the same time frame. And Brookfield Renewable Partners, another clean energy-focused MLP run by Canadian asset manager Brookfield Asset Management, is up around 170%. Over the same period, the S&P 500 index, using SPDR S&P 500 ETF Trust as a proxy, has gained roughly 95%.
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Source Fool.com
