The Top 3 Stocks to Benefit from Next-Gen Energy Solutions
BEPBrookfield Renewable Partners L.P.(BEP) InvestorPlace·2024-01-14 05:44

The Nasdaq Green Energy Index ETF (NASDAQ:QCLN) is down by approximately 25% year-over-year suggesting various buy-the-dip opportunities exist in the renewable energy space. Although renewable energy stocks typically possess high downside risk, diversification benefits can be obtained by investing in them. Furthermore, the renewable energy arena possesses robust fundamentals. For example, the broad-based end market is set to grow at a compound annual growth rate of 8.6% until 2031. Moreover, renewable energ ...