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Favorable government policies and the declining costs of renewable technologies are expected to drive the renewable energy market further. The global renewable energy market is expected to reach $1.9 trillion by 2026, achieving an 8.3% CAGR from 2021. However, while many renewable energy players are capitalizing on the industry tailwinds, some are struggling due to intense competition for market share.
So, we think It could be wise to avoid renewable energy stocks Brookfield Renewable Partners L.P. (NYSE:BEP), Sunnova Energy International Inc . (NYSE:NOVA), and VivoPower International PLC (VVPR) because of their weak financials and bleak growth prospects.
