My Top Energy Stock to Buy in October

The energy industry has undergone a number of major changes over the last decade. Coal use is in decline, renewable energy continues to grow, and electric vehicles continue to gain market share. Despite these changes, energy stocks have been led by fossil fuel producers in 2021. Oil, natural gas, and coal prices are up, and supply appears to be constrained for the foreseeable future.

As investors look for opportunities to make money long-term in energy, I think there's one company that has the tailwinds at its back. First Solar (NASDAQ: FSLR) is a leader in renewable energy. It should benefit from short-term supply constraints facing the industry, and it can grow along with solar energy production. Here's why it's my top energy stock for October.

Image source: First Solar.

Source Fool.com