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Best Renewable Energy Stocks to Buy Now (2023)
Top renewable energy stocks in 2023 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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
NEP
NEXTERA ENERGY PARTNERS LP
$4.56B$48.84$73.2249.92%Buy924.93%42.17%N/AN/A
ORA
ORMAT TECHNOLOGIES INC
$4.39B$72.83$91.2525.29%Buy413.59%27.10%6.20%2.79%
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
$26.81M$0.45$0.6034.23%Hold1492.60%N/A149.74%93.87%
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
$3.01B$20.75$29.0039.76%Buy46.90%110.50%N/AN/A
ENLT
ENLIGHT RENEWABLE ENERGY LTD
$1.94B$16.52$22.0033.17%Strong Buy1N/AN/AN/AN/A
NRGV
ENERGY VAULT HOLDINGS INC
$361.43M$2.53$4.3872.92%Hold2184.92%N/AN/AN/A
FLNC
FLUENCE ENERGY INC
$3.92B$22.15$31.4742.06%Buy1516.92%N/AN/AN/A
EE
EXCELERATE ENERGY INC
$1.90B$17.58$29.2066.10%Buy52.25%14.10%45.97%7.77%
AMPS
ALTUS POWER INC
$875.18M$5.47$10.3088.30%Strong Buy533.80%N/A9.29%2.40%
CREG
SMART POWERR CORP
$9.89M$1.27N/AN/AN/AN/AN/AN/AN/AN/A
ELLO
ELLOMAY CAPITAL LTD
$185.33M$14.42N/AN/AN/AN/AN/AN/AN/AN/A
RNW
RENEW ENERGY GLOBAL PLC
$2.12B$5.73$9.1960.35%Strong Buy418.42%N/A14.21%1.90%
BEPC
BROOKFIELD RENEWABLE CORP
$9.90B$27.36$34.0024.27%Strong Buy126.74%N/A-1.28%-0.16%
HLGN
HELIOGEN INC
$21.68M$3.70$8.75136.49%Hold1N/AN/AN/AN/A
CEG
CONSTELLATION ENERGY CORP
$35.49B$110.36$107.20-2.86%Strong Buy5-8.96%41.73%N/AN/A
BEP
BROOKFIELD RENEWABLE PARTNERS LP
$7.03B$25.54$35.5039.00%Buy5-14.58%N/AN/AN/A
AQN
ALGONQUIN POWER & UTILITIES CORP
$4.73B$6.87$9.1032.46%Buy57.31%N/A11.42%3.30%
CWEN
CLEARWAY ENERGY INC
$4.80B$23.73$32.5036.96%Buy2-0.17%-29.00%2.17%0.37%
VGAS
VERDE CLEAN FUELS INC
$123.41M$3.87N/AN/AN/AN/AN/AN/AN/AN/A
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
$13.60M$2.45N/AN/AN/AN/AN/AN/AN/AN/A
HTOO
FUSION FUEL GREEN PLC
$13.25M$0.96$3.50264.58%Buy1N/AN/AN/AN/A
ELIQ
ELECTRIQ POWER HOLDINGS INC
$79.29M$2.08N/AN/AN/AN/AN/AN/AN/AN/A
BNRG
BRENMILLER ENERGY LTD
$10.06M$0.66N/AN/AN/AN/AN/AN/AN/AN/A

Renewable Energy Stocks FAQ

What are the best renewable energy stocks to buy right now in Sep 2023?

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 46, which is 20 points higher than the renewable energy industry average of 26. It passed 17 out of 38 due diligence checks and has strong fundamentals. Nextera Energy Partners has seen its stock lose -38.83% over the past year, underperforming other renewable energy stocks by -8 percentage points.

Nextera Energy Partners has an average 1 year price target of $73.22, an upside of 49.92% from Nextera Energy Partners's current stock price of $48.84.

Nextera Energy Partners stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Nextera Energy Partners, 22.22% have issued a Strong Buy rating, 55.56% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Ormat Technologies (NYSE:ORA)


Ormat Technologies (NYSE:ORA) is the second best renewable energy stock with a Zen Score of 39, which is 13 points higher than the renewable energy industry average of 26. It passed 15 out of 38 due diligence checks and has average fundamentals. Ormat Technologies has seen its stock lose -21.12% over the past year, overperforming other renewable energy stocks by 10 percentage points.

Ormat Technologies has an average 1 year price target of $91.25, an upside of 25.29% from Ormat Technologies's current stock price of $72.83.

Ormat Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Ormat Technologies, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Advent Technologies Holdings (NASDAQ:ADN)


Advent Technologies Holdings (NASDAQ:ADN) is the third best renewable energy stock with a Zen Score of 37, which is 11 points higher than the renewable energy industry average of 26. It passed 12 out of 33 due diligence checks and has average fundamentals. Advent Technologies Holdings has seen its stock lose -87.62% over the past year, underperforming other renewable energy stocks by -56 percentage points.

Advent Technologies Holdings has an average 1 year price target of $0.60, an upside of 34.23% from Advent Technologies Holdings's current stock price of $0.45.

Advent Technologies Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Advent Technologies Holdings, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% 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. Atlantica Sustainable Infrastructure (NASDAQ:AY)


Atlantica Sustainable Infrastructure (NASDAQ:AY) has an annual dividend yield of 8.58%, which is 4 percentage points higher than the renewable energy industry average of 4.34%. 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 1,711.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Algonquin Power & Utilities (NYSE:AQN)


Algonquin Power & Utilities (NYSE:AQN) has an annual dividend yield of 8.42%, which is 4 percentage points higher than the renewable energy industry average of 4.34%. Algonquin Power & Utilities's dividend payout is not stable, having dropped more than 10% one times 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 -148.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) has an annual dividend yield of 6.75%, which is 2 percentage points higher than the renewable energy industry average of 4.34%. Nextera Energy Partners's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Nextera Energy Partners's dividend has shown consistent growth over the last 10 years.

Nextera Energy Partners's dividend payout ratio of 193.1% indicates that its high dividend yield might not be sustainable for the long-term.

Why are renewable energy stocks up?

Renewable energy stocks were up 0.08% in the last day, and down -3.04% over the last week.

We couldn't find a catalyst for why renewable energy stocks are up.

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. Enlight Renewable Energy (NASDAQ:ENLT)


Enlight Renewable Energy (NASDAQ:ENLT) is the most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Enlight Renewable Energy has a valuation score of 43, which is 28 points higher than the renewable energy industry average of 15. It passed 3 out of 7 valuation due diligence checks.

2. Atlantica Sustainable Infrastructure (NASDAQ:AY)


Atlantica Sustainable Infrastructure (NASDAQ:AY) is the second most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Atlantica Sustainable Infrastructure has a valuation score of 29, which is 14 points higher than the renewable energy industry average of 15. It passed 2 out of 7 valuation due diligence checks.

Atlantica Sustainable Infrastructure's stock has dropped -31.45% in the past year. It has performed in line with other stocks in the renewable energy industry.

3. Advent Technologies Holdings (NASDAQ:ADN)


Advent Technologies Holdings (NASDAQ:ADN) is the third most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Advent Technologies Holdings has a valuation score of 29, which is 14 points higher than the renewable energy industry average of 15. It passed 2 out of 7 valuation due diligence checks.

Advent Technologies Holdings's stock has dropped -87.62% in the past year. It has underperformed other stocks in the renewable energy industry by -56 percentage points.

Are renewable energy stocks a good buy now?

52.94% of renewable energy stocks rated by analysts are a buy right now. On average, analysts expect renewable energy stocks to rise by 29.12% 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 25.25x.
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