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Best Renewable Energy Stocks to Buy Now (2024)
Top renewable energy stocks in 2024 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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
NEP
NEXTERA ENERGY PARTNERS LP
$1.64B20.54%161.10%$0.9175$3.6099%02024-11-14
FLNC
FLUENCE ENERGY INC
$3.73BN/A0.00%N/AN/AN/AN/A
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
$3.21B8.06%794.60%$0.4450$1.7891%3
CWEN
CLEARWAY ENERGY INC
$5.62B4.38%158.00%$0.4171$1.2277%12024-12-022024-12-16
RNW
RENEW ENERGY GLOBAL PLC
$1.95BN/A0.00%N/AN/AN/AN/A
ORA
ORMAT TECHNOLOGIES INC
$5.03B0.58%24.40%$0.1200$0.4810%4
AMPS
ALTUS POWER INC
$500.05MN/A0.00%N/AN/AN/AN/A
ENLT
ENLIGHT RENEWABLE ENERGY LTD
$1.86BN/A0.00%N/AN/AN/AN/A
NRGV
ENERGY VAULT HOLDINGS INC
$317.52MN/A0.00%N/AN/AN/AN/A
CEG
CONSTELLATION ENERGY CORP
$74.87BN/A14.60%$0.2820N/AN/A0
SUUN
SOLARBANK CORP
$72.87MN/A0.00%N/AN/AN/AN/A
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
$9.41MN/A0.00%N/AN/AN/AN/A
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
$43.62MN/A0.00%N/AN/AN/AN/A
VGAS
VERDE CLEAN FUELS INC
$136.85MN/A0.00%N/AN/AN/AN/A
CREG
SMART POWERR CORP
$6.31MN/A0.00%N/AN/AN/AN/A
BEP
BROOKFIELD RENEWABLE PARTNERS LP
$7.59B3.96%-173.70%$0.3550$1.0574%2
AQN
ALGONQUIN POWER & UTILITIES CORP
$3.68B8.14%-35.30%$0.0650$0.3992%2
BNRG
BRENMILLER ENERGY LTD
$4.67MN/A0.00%N/AN/AN/AN/A
HTOO
FUSION FUEL GREEN PLC
$9.19MN/A0.00%N/AN/AN/AN/A
BEPC
BROOKFIELD RENEWABLE CORP
$11.72BN/AN/A$0.3380N/AN/A0
ELLO
ELLOMAY CAPITAL LTD
$172.48MN/A0.00%$0.2250N/AN/A0
GEV
GE VERNOVA INC
$94.05BN/AN/AN/AN/AN/AN/A
ALCE
ALTERNUS CLEAN ENERGY INC
$7.02MN/A0.00%N/AN/AN/AN/A

Renewable Energy Stocks FAQ

What are the best renewable energy stocks to buy right now in Nov 2024?

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 44, which is 21 points higher than the renewable energy industry average of 23. It passed 15 out of 38 due diligence checks and has strong fundamentals. Nextera Energy Partners has seen its stock lose -35.33% over the past year, underperforming other renewable energy stocks by -17 percentage points.

Nextera Energy Partners has an average 1 year price target of $25.08, an upside of 43.3% from Nextera Energy Partners's current stock price of $17.50.

Nextera Energy Partners stock has a consensus Hold recommendation according to Wall Street analysts. Of the 13 analysts covering Nextera Energy Partners, 7.69% have issued a Strong Buy rating, 15.38% have issued a Buy, 46.15% have issued a hold, while 7.69% have issued a Sell rating, and 23.08% have issued a Strong Sell.

2. Fluence Energy (NASDAQ:FLNC)


Fluence Energy (NASDAQ:FLNC) is the second best renewable energy stock with a Zen Score of 39, which is 16 points higher than the renewable energy industry average of 23. It passed 13 out of 33 due diligence checks and has average fundamentals. Fluence Energy has seen its stock return 11.73% over the past year, overperforming other renewable energy stocks by 31 percentage points.

Fluence Energy has an average 1 year price target of $27.79, an upside of 34.43% from Fluence Energy's current stock price of $20.67.

Fluence Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Fluence Energy, 50% have issued a Strong Buy rating, 28.57% have issued a Buy, 21.43% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Atlantica Sustainable Infrastructure (NASDAQ:AY)


Atlantica Sustainable Infrastructure (NASDAQ:AY) is the third best renewable energy stock with a Zen Score of 34, which is 11 points higher than the renewable energy industry average of 23. It passed 12 out of 38 due diligence checks and has average fundamentals. Atlantica Sustainable Infrastructure has seen its stock return 21.75% over the past year, overperforming other renewable energy stocks by 41 percentage points.

Atlantica Sustainable Infrastructure has an average 1 year price target of $22.50, an upside of 1.88% from Atlantica Sustainable Infrastructure's current stock price of $22.09.

Atlantica Sustainable Infrastructure stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Atlantica Sustainable Infrastructure, 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 6 renewable energy stocks that have issued dividends in the past year, the 3 renewable energy stocks with the highest dividend yields are:

1. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) has an annual dividend yield of 20.54%, which is 13 percentage points higher than the renewable energy industry average of 7.61%. 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 161.1% 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 8.14%, which is 1 percentage points higher than the renewable energy industry average of 7.61%. Algonquin Power & Utilities's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Algonquin Power & Utilities's dividend has not shown consistent growth over the last 10 years.

Algonquin Power & Utilities's dividend payout ratio of -35.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Atlantica Sustainable Infrastructure (NASDAQ:AY)


Atlantica Sustainable Infrastructure (NASDAQ:AY) has an annual dividend yield of 8.06%, which is the same as the renewable energy industry average of 7.61%. 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 794.6% 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 0.41% in the last day, and up 2.96% 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. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) is the most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Nextera Energy Partners has a valuation score of 43, which is 30 points higher than the renewable energy industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Nextera Energy Partners's stock has dropped -35.33% in the past year. It has underperformed other stocks in the renewable energy industry by -17 percentage points.

2. Fusion Fuel Green (NASDAQ:HTOO)


Fusion Fuel Green (NASDAQ:HTOO) is the second most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Fusion Fuel Green has a valuation score of 43, which is 30 points higher than the renewable energy industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Fusion Fuel Green's stock has dropped -9.88% in the past year. It has overperformed other stocks in the renewable energy industry by 9 percentage points.

3. Altus Power (NYSE:AMPS)


Altus Power (NYSE:AMPS) is the third most undervalued renewable energy stock based on WallStreetZen's Valuation Score. Altus Power has a valuation score of 29, which is 16 points higher than the renewable energy industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Altus Power's stock has dropped -43.35% in the past year. It has underperformed other stocks in the renewable energy industry by -25 percentage points.

Are renewable energy stocks a good buy now?

46.67% of renewable energy stocks rated by analysts are a strong buy right now. On average, analysts expect renewable energy stocks to rise by 4.58% 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 10.86x.
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