This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPECBL0J0_M.jpg
While producing energy from renewable sources is still expensive, solar and wind energy costs have declined considerably over the past few years. According to The International Energy Agency (IEA), renewable energy capacity is set to expand 50% between 2019 – 2024. Furthermore, according to a Facts & Factors report, the global renewable energy market is expected to grow at a CAGR of more than 8% between 2021 – 2026.
Given this industry’s promising prospects, Wall Street analysts are highly optimistic about the near-term performance of renewable energy stocks Plug Power Inc. (PLUG), Canadian Solar Inc. (CSIQ), and Clean Energy Fuels (NYSE:UUUU) Corp. (CLNE). So, it could be wise to scoop up these stocks now.
