Mergers and acquisitions among both old-school and newer energy companies have been rising over the past couple of years. The holy grail for investors aspiring to capture the upside action following these deals comes from attempting to anticipate likely acquisition targets (rather than the buyers). With that in mind, here are five renewable energy stocks that demonstrate a lot of potential.
Renewable Energy Stocks
Atlantica Yield (ABY) has a diversified portfolio of renewable energy facilities and has a market cap of $2 billion. The dividend yield is an impressive 5.09%, but so far the stock itself hasn’t performed much since January.
Brookfield Energy Partners (BEP) uses wind and water to create energy. The company is based in Bermuda, but operates in the United States, Canada, and Brazil. BEP has a market cap of $5.6 billion and a sizeable dividend yield, of 5.58%. The stock price has risen 15% from the beginning of the year until now.
Covanta Holding Corp. (CVA) focuses on recycling waste into energy, and has a market cap of $1.9 billion. The dividend yield is high, at 6.64%, but the stock price has been flat since January.
Pattern Energy Group (PEGI) constructs, owns, and operates facilities used for wind energy. Pattern Energy has a market cap of 2.1 billion and yields an astounding 6.97%. In addition to the high yield, Pattern’s performance so rar in 2019 is 28%.
Vestas Wind (VWDRY) sells equipment for wind energy and also services the equipment and the facilities that are its customers. The company is based in Denmark and have a market cap of $19 billion. The yield is small compared to other renewable energy companies at .96%, but the performance from the start of the year more than makes up for it at a whopping 50% gain.
Readers, do any of these alternative energy stocks pique your interest?
Join our newsletter
Subscribe to get the latest "Engineer Your Finances" content via email.