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Despite this year’s global slowdown, the clean energy market has been on a constant incline and is projecting success within the next year.
In short, renewables like solar and wind power, electric vehicles, and geothermal energy are all experiencing a rising power demand.
And renewable energy investments are delivering better returns over fossil fuels with a 200.3% gain compared with a 97.2% fossil fuel investment loss.
So get ready to belt out “Here Comes the Sun,” because I’ve uncovered 10 renewable energy stocks that are set to expand and soar along with the entire market next year.
The Pew Research Center says that Americans are ready to embrace renewable energy as 79% of Americans prefer renewables, while only 20% favor fossil fuels.
The U.S. Energy Information Administration (EIA) states that “electricity generation from renewable energy sources rises from 18% in 2019 to 20% in 2020 and to 22% in 2021. The increase in renewables’ share is the result of planned additions to wind- and solar-generating capacity.”
However, wind and solar power are not the only components driving the entire renewable energy market to success.
Overall, the market is set to reach $1.057 trillion by 2026 from $626.8 billion in 2020, growing 9.1% per year.
Not to mention renewable energy sources make up 26% of the world’s electricity today, and that’s expected to increase to 30% by 2024.
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