A lot of people are concerned about climate change and what the future may hold in terms of global warming. If you’re one of those people, then you’re likely concerned about the environment and what we can do to help it. One way to start contributing to a better environment is by investing in renewable energy stocks, since they reduce our dependence on fossil fuels and the impact those have on our environment. Renewable energy means that it’s never depleted, unlike fossil fuels like oil and coal, which means that investment in renewable energy can provide an excellent way to make money while also helping out the planet.
6. Bloom Energy Corporation (NYSE:BE)
This renewable energy stock is powering offices, homes and factories in Japan and California with fuel cells that convert natural gas into electricity. The company raised $150 million from a recent IPO, bringing its total funding to $1.9 billion. But it has yet to turn a profit on its technology that’s capable of providing enough energy to power large buildings—that could be a roadblock when raising additional funds.
5. Sunrun Inc. (NASDAQ:RUN)
Sunrun offers solar leasing services in California, Connecticut, Delaware, Hawaii, Maryland, Massachusetts, New Jersey and New York. The company has been around since 2007 and helped pioneer solar leasing as a financing model to residential customers. Sunrun has over 220 megawatts of solar projects installed or under contract. In 2014 alone, Sunrun deployed 89 megawatts of residential systems. A strong customer satisfaction rating helps it stand out among competitors with similar offerings like SolarCity Corp (NASDAQ:SCTY).
4. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
SolarEdge Technologies is a renewable energy solutions provider based in Petah Tikva, Israel. The company’s solutions are used to convert alternating current (AC) electricity into direct current (DC), and then convert DC back into AC at twice or more of its original voltage, which enables peak shaving, increases energy efficiency, allows utilities to avoid extending their infrastructure in order to connect new solar farms and wind farms to power grids and maximize returns on existing infrastructure investments.
3. First Solar, Inc. (NASDAQ:FSLR)
First Solar, Inc. is an American designer and manufacturer of photovoltaic (PV) solar panels based in Tempe, Arizona. It was founded in Phoenix, Arizona, in 1991 by Dr. Martin Green, Michael Ahearn and Mark Widmar who designed ultra-lightweight high efficiency silicon solar cells that could be made cheaply.
2. Enphase Energy, Inc. (NASDAQ:ENPH)
Enphase is a solar technology company based in Petaluma, California. It develops, manufactures and sells microinverters for use with renewable energy systems. Enphase’s products are designed to replace modules that convert direct current (DC) from photovoltaic panels into alternating current (AC) electricity. Microinverters allow homes to add solar panels to their roofs faster because they don’t require additional wiring or power conditioning equipment.
1. NextEra Energy, Inc. (NYSE:NEE)
Headquartered in Juno Beach, Fla., NextEra Energy, Inc. is a Fortune 200 company that produces and distributes electric power to approximately 5 million customers in 35 states. In recent years, NextEra has made several acquisitions of renewable energy companies such as Calpine Corporation and Hawaiian Electric Industries Inc. With total capacity of more than 46 gigawatts, NextEra ranks among America’s largest generators of electricity from clean sources.