3 solar stocks with dividends to consider


Solar power generation is becoming increasingly important to countries and individuals moving toward a renewable energy future. For long-term investors, this often means that solar stocks are one of the first places investors look for growth opportunities.

That said, there are compelling companies in the solar power generation industry that also offer significant returns. So it’s not just a game of hyper-growth anymore. There is total return to be had in this industry after all.

Yet solar energy is among the fastest growing forms of renewable energy. Socially responsible investors choose their investments more responsibly. There’s a lot to like about the age-old fiscal spending tailwinds that underpin this entire industry.

Those betting that these trends will continue but want safer options in the solar industry during this tough time might want to consider these three options.

Let’s dive into it.

BORN NextEra Energy $86.01
BEP Brookfield Renewable Partners $38.45
CWEN Clearaway Energy $37.84

NextEra Energy (NEE)

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NextEra Energy (NYSE:BORN) is an electric utility player with services in a number of key regions in North America.

With a relatively small dividend yield of around 1.9% at the time of writing, NextEra is often seen as a basic investment for those interested in How? ‘Or’ What the company produces its electricity.

In this case, solar power generation is becoming more and more important for NextEra by focusing on electricity generated from renewable energy. Indeed, for our electric cars to deliver the kind of virtue that many owners want, the underlying electricity must also be clean.

Some electric vehicle owners may not know this, but in some parts of the United States, the vast majority of inputs that generate household electricity come from dirty forms of energy.

NextEra seems to be focused on the paradigm shift in the power generation space towards renewable energy. The company offers traditional forms of electricity, which has facilitated the transition to renewable energy.

However, in the long term, solar power should become an even bigger part of the mix. For solar investors, this is a safe and profitable way to gain exposure to the solar space right now.

Brookfield Renewable Partners (BEP)

Brookfield Renewable logo on a phone screen.  BEPC shares.  Stock BEP.

Source: Igor Golovniov / Shutterstock

Another diversified option among solar stocks is Brookfield Renewable Partners (NYSE:BEP). Indeed, this company is among the largest publicly traded pure-play renewable energy platforms in the world.

Brookfield’s portfolio includes wind, hydro, solar and storage facilities in Europe, Asia, North America and South America.

For a sense of scale, the company’s portfolio provides an installed capacity of approximately 23,000 megawatts. In the long term, the company plans to generate about 75,000 megawatts of renewable energy, enough to displace about 8 million metric tons per year of carbon dioxide.

For those looking for a serious way to play the green energy revolution, Brookfield Renewables is a great place to start.

Even better, this company has a very attractive dividend yield. Currently, BEP stock offers investors a yield of 3.4%which remains attractive relative to bonds.

Consequently, with a strong financial results allowing the company to invest an additional $3 billion in growth initiatives, there’s also a lot to like about this company’s future dividend growth prospects.

Clearaway Energy (CWEN)

the clearway energy (CWEN) logo on a web browser under a magnifying glass

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Clearaway Energy (NYSE:CWEN) is one of the largest renewable energy providers in the United States

Currently, Clearaway Energy pays a dividend yield by 3.7%, making it one of the solar stocks not to be missed.

Although not as large as Brookfield, with about 7,500 net megawatts of installed capacity, Clearaway Energy is focused on solar and wind generation projects.

These two forms of energy provide approximately two-thirds of the electricity generated by Clearaway. (The remaining third comes from natural gas generation facilities, which are always better than coal).

In June, the company announcement a $255 million acquisition of 413 megawatts of utility scale wind projects in Wyoming. So, for those looking for a more diversified exposure to renewable energy (solar and wind), CWEN stock is a great option to consider.

As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

Chris MacDonald’s love of investing has led him to pursue an MBA in finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. . His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative long-term investment outlook.


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