Image source: Getty Images
Renewable energy stocks delivered exceptional returns in 2020. However, most of the top TSX renewable energy stocks reversed some of their gains and have witnessed a healthy pullback in the recent past, providing investors a solid opportunity to buy these high-growth stocks at the current levels.
I see significant upside in renewable energy stocks thanks to the growing emphasis on carbon footprint reduction. Meanwhile, growing adoption, declining costs, capacity expansion, and significant capital investments provide a solid foundation for growth in the future.
Furthermore, top renewable energy companies are known for paying solid dividends, thanks to their contractual arrangements and ability to generate resilient cash flows.
Adam Othman | June 1, 2021 Enbridge Inc. and Rogers Communications could be ideal stock picks for Canadians nearing retirement to secure better financial freedom. More »
Demetris Afxentiou | May 31, 2021 Looking for a better telecom stock? Let’s look at Rogers (TSX:RCI.B)(NYSE:RCI) and Telus (TSX:T)(NYSE:TU) to see which is better for your portfolio. More »
Chris MacDonald | May 31, 2021 Here s why the big three telecommunications companies in Canada still make an intriguing case for long-term holds today. More »
Chris MacDonald | May 28, 2021 Here s why Kirkland Lake Gold (TSX:KL)(NYSE:KL) and Rogers Communications (TSX:RCI.B)(NYSE:RCI) are two great defensive options tod