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Best Renewable Energy Stocks to Buy Now (2022)
Top renewable energy stocks in 2022 ranked by overall Zen Score. See the best renewable energy stocks to buy now, according to analyst forecasts for the utilities - renewable industry.

Industry: Utilities - Renewable
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
NEP
NEXTERA ENERGY PARTNERS LP
NYSE
Utilities - Renewable
$6.56B$75.81-4.17%$390.00M14.84x1.72
AQN
ALGONQUIN POWER & UTILITIES CORP
NYSE
Utilities - Renewable
$4.94B$7.25-0.82%$706.16M103.57x2.04
FLNC
FLUENCE ENERGY INC
NASDAQ
Utilities - Renewable
$2.65B$15.302.07%-$146.20M2.24x2.18
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
NASDAQ
Utilities - Renewable
$99.30M$1.92-1.54%-$36.48M-2.70x0.19
ORA
ORMAT TECHNOLOGIES INC
NYSE
Utilities - Renewable
$4.96B$88.45-1.16%$388.50M74.33x1.37
CWEN
CLEARWAY ENERGY INC
NYSE
Utilities - Renewable
$6.68B$33.10-1.84%$1.58B6.87x3.70
LFG
ARCHAEA ENERGY INC
NYSE
Utilities - Renewable
$3.12B$25.880.04%$75.46M-172.53x9.52
CREG
SMART POWERR CORP
NASDAQ
Utilities - Renewable
$20.60M$2.80-2.78%-$12.13M-1.08x0.23
AMPS
ALTUS POWER INC
NYSE
Utilities - Renewable
$1.02B$6.38-5.76%$48.44M0.00x2.19
HTOO
FUSION FUEL GREEN PLC
NASDAQ
Utilities - Renewable
$75.70M$5.772.12%-$7.75M2.95x0.40
HLGN
HELIOGEN INC
NYSE
Utilities - Renewable
$137.84M$0.72-9.21%-$152.33M0.15x0.44
NRGV
ENERGY VAULT HOLDINGS INC
NYSE
Utilities - Renewable
$376.09M$2.72-0.37%-$58.16M-0.41x0.13
BEP
BROOKFIELD RENEWABLE PARTNERS LP
NYSE
Utilities - Renewable
$7.52B$27.33-0.69%$2.58B-49.69x9.58
BEPC
BROOKFIELD RENEWABLE CORP
NYSE
Utilities - Renewable
$5.32B$30.900.29%$2.65BN/A6.86
RNW
RENEW ENERGY GLOBAL PLC
NASDAQ
Utilities - Renewable
$2.25B$5.621.26%$684.98M-17.45x4.78
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
NASDAQ
Utilities - Renewable
$3.87B$26.760.15%$313.99M-167.25x4.59
CEG
CONSTELLATION ENERGY CORP
NASDAQ
Utilities - Renewable
$29.89B$91.41-0.61%$2.12BN/A3.28
AZRE
AZURE POWER GLOBAL LTD
NYSE
Utilities - Renewable
$229.58M$4.75-1.45%$155.63M-5.72x6.04
ELLO
ELLOMAY CAPITAL LTD
NYSEMKT
Utilities - Renewable
$182.20M$14.18-1.38%$5.36M-15.76x5.14
EE
EXCELERATE ENERGY INC
NYSE
Utilities - Renewable
$2.99B$27.580.88%N/AN/A2.26
SMR
NUSCALE POWER CORP
NYSE
Utilities - Renewable
$2.47B$10.940.83%N/AN/A0.83

Renewable Energy Stocks FAQ

What are the best renewable energy stocks to buy right now in Dec 2022?

According to Zen Score, the 3 best renewable stocks to buy right now are:

1. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) is the top renewable energy stock with a Zen Score of 53, which is 23 points higher than the renewable energy industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Nextera Energy Partners has seen its stock lose -10.97% over the past year, overperforming other renewable energy stocks by 11 percentage points.

Nextera Energy Partners has an average 1 year price target of $85.00, an upside of 12.12% from Nextera Energy Partners's current stock price of $75.81.

Nextera Energy Partners stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Nextera Energy Partners, 37.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 25% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Algonquin Power & Utilities (NYSE:AQN)


Algonquin Power & Utilities (NYSE:AQN) is the second best renewable energy stock with a Zen Score of 50, which is 20 points higher than the renewable energy industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Algonquin Power & Utilities has seen its stock lose -48.33% over the past year, underperforming other renewable energy stocks by -26 percentage points.

Algonquin Power & Utilities has an average 1 year price target of $11.35, an upside of 56.55% from Algonquin Power & Utilities's current stock price of $7.25.

Algonquin Power & Utilities stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Algonquin Power & Utilities, 0% have issued a Strong Buy rating, 20% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Fluence Energy (NASDAQ:FLNC)


Fluence Energy (NASDAQ:FLNC) is the third best renewable energy stock with a Zen Score of 45, which is 15 points higher than the renewable energy industry average of 30. It passed 14 out of 33 due diligence checks and has strong fundamentals. Fluence Energy has seen its stock lose -51.61% over the past year, underperforming other renewable energy stocks by -29 percentage points.

Fluence Energy has an average 1 year price target of $22.44, an upside of 46.69% from Fluence Energy's current stock price of $15.30.

Fluence Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Fluence Energy, 40% have issued a Strong Buy rating, 20% have issued a Buy, 30% have issued a hold, while 10% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the renewable energy stocks with highest dividends?

Out of 9 renewable energy stocks that have issued dividends in the past year, the 3 renewable energy stocks with the highest dividend yields are:

1. Algonquin Power & Utilities (NYSE:AQN)


Algonquin Power & Utilities (NYSE:AQN) has an annual dividend yield of 9.69%, which is 6 percentage points higher than the renewable energy industry average of 3.83%. Algonquin Power & Utilities's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Algonquin Power & Utilities's dividend has shown consistent growth over the last 10 years.

Algonquin Power & Utilities's dividend payout ratio of 1,004.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Atlantica Sustainable Infrastructure (NASDAQ:AY)


Atlantica Sustainable Infrastructure (NASDAQ:AY) has an annual dividend yield of 6.61%, which is 3 percentage points higher than the renewable energy industry average of 3.83%. Atlantica Sustainable Infrastructure's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Atlantica Sustainable Infrastructure's dividend has shown consistent growth over the last 10 years.

Atlantica Sustainable Infrastructure's dividend payout ratio of -1,100% indicates that its high dividend yield might not be sustainable for the long-term.

3. Brookfield Renewable Partners (NYSE:BEP)


Brookfield Renewable Partners (NYSE:BEP) has an annual dividend yield of 4.68%, which is 1 percentage points higher than the renewable energy industry average of 3.83%. Brookfield Renewable Partners's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Brookfield Renewable Partners's dividend has shown consistent growth over the last 10 years.

Brookfield Renewable Partners's dividend payout ratio of -229.8% indicates that its high dividend yield might not be sustainable for the long-term.

Why are renewable energy stocks down?

Renewable energy stocks were down -1.11% in the last day, and down -3.86% over the last week. Nextera Energy Partners was the among the top losers in the utilities - renewable industry, dropping -4.17% yesterday.

NextEra Energy Partners shares are trading lower after the company announced pricing of $500 million in aggregate principal amount of 2.50% convertible senior notes due 2026.

What are the most undervalued renewable energy stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued renewable energy stocks right now are:

1. Fluence Energy (NASDAQ:FLNC)


Fluence Energy (NASDAQ:FLNC) is the most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Fluence Energy has a valuation score of 57, which is 33 points higher than the renewable energy industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Fluence Energy's stock has dropped -51.61% in the past year. It has underperformed other stocks in the renewable energy industry by -29 percentage points.

2. Advent Technologies Holdings (NASDAQ:ADN)


Advent Technologies Holdings (NASDAQ:ADN) is the second most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Advent Technologies Holdings has a valuation score of 43, which is 19 points higher than the renewable energy industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Advent Technologies Holdings's stock has dropped -73.84% in the past year. It has underperformed other stocks in the renewable energy industry by -52 percentage points.

3. Smart Powerr (NASDAQ:CREG)


Smart Powerr (NASDAQ:CREG) is the third most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Smart Powerr has a valuation score of 43, which is 19 points higher than the renewable energy industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Smart Powerr's stock has dropped -44.44% in the past year. It has underperformed other stocks in the renewable energy industry by -22 percentage points.

Are renewable energy stocks a good buy now?

36.84% of renewable energy stocks rated by analysts are a strong buy right now. On average, analysts expect renewable energy stocks to rise by 20.55% over the next year.

What is the average p/e ratio of the utilities - renewable industry?

The average P/E ratio of the utilities - renewable industry is -6.72x.
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