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In the U.S., renewable [energy] generation beat out coal generation for the first time on a quarterly basis in Q1 2020. That’s according to Climate Nexus<\/a>.\u00a0The potential upside for clean and renewable energy is expected to grow exponentially.\u00a0<\/p>\n<\/div>\n \t\t\t\t\t The world is quickly moving away from a world powered by fossil fuels to one driven by cleaner energy sources. Clean energy sources are expected to\u00a0receive an enormous spark under a Biden presidency. “Getting to a 100% clean energy economy is not only an obligation, it’s an opportunity,” according to Biden’s presidential website.\u00a0There are many strategies investors can use to take advantage of a renewable energy revolution. Below, I highlight three stocks that I believe will benefit greatly from a potential Biden presidency.<\/span><\/p>\n<\/div>\n Getting to a 100% clean energy economy is not only an obligation, it’s an opportunity. We should fully adopt a clean energy future, not just for all of us today, but for our children and grandchildren, so their tomorrow is healthier, safer, and more just.<\/p>\n Joe Biden, Presidential website<\/a><\/cite>\n<\/p><\/blockquote>\n<\/div>\n Solar Edge Technologies, Inc (SEDG)<\/span><\/strong><\/span><\/p>\n I previously\u00a0recommended SEDG<\/a>\u00a0on 08\/08\/2020. At that time, it was trading at $211.47 per\u00a0share.\u00a0Solar Edge Technologies, Inc (SEDG<\/a>) is\u00a0a global leader in smart energy technology. Together with its subsidiaries, SolarEdge “designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform. The company’s products are used in a range of solar market segments, such as residential, commercial, and small utility-scale solar installations.” Learn more about SolarEdge<\/a>. <\/p>\n Like most companies, the\u00a0<\/span>COVID-19 pandemic has\u00a0affected SolarEdge<\/span>. <\/span>However, the stock has since\u00a0bounced back tremendously. In fact, SEDG\u00a0has recently surged (YTD,\u00a0\u00a0221%). Also, 5-<\/span>day,\u00a0<\/span>1-<\/span>month and 6-<\/span>month returns have hit<\/span>\u00a021%, 58%, 216%, respectively. Year over year revenue growth is reported at 45%.\u00a0<\/span>SEDG hit a 52-week high of $314.00 on 10\/08\/2020.\u00a0<\/span>SEDG is currently trading at $305.35 per share. As the clear leader in\u00a0 DC optimized inverter solution, a Biden presidency should propel the company to resume growth at pre-COVID-19 levels.<\/span><\/p>\n<\/div>\n \t\t\t\t\t \n\t\t\tCourtesy SolarEdge<\/span>\n\t\t<\/p>\n<\/p><\/div>\n<\/div>\n NextEra Energy (NEE)<\/span><\/strong><\/span><\/p>\n As the world’s largest producer of wind and solar energy<\/a>,\u00a0NextEra Energy\u00a0(NEE<\/a>) is well-positioned to thrive in a Biden presidency. NEE is truly a diversified energy conglomerate. It generates electricity through\u00a0wind, solar, nuclear, coal, oil, and natural gas.\u00a0Recently, NextEra Energy dethroned ExxonMobil to claim the title of America’s most valuable energy company<\/a>. On 9\/15\/2020, NEE announced a 4-for-1 stock split with a record date set for 10\/19\/2020. NEE management recently issued guidance through 2023<\/a>.\u00a0The company expects earnings to grow by 6-8% in 2022 and 2023.<\/p>\n The company has\u00a0been a cash cow for investors. It has returned 945% to shareholders over the last 15 years. NEE has a 25-year dividend growth history. Its annual payout is $5.60 per share with a yield of 1.85%. The payout ratio is a healthy 61.29%.\u00a0NEE is currently trading at $302.91 per share. <\/p>\n [Recommended: The Ultimate Dividend Growth Investing Guide<\/a>.]<\/strong><\/p>\n<\/div>\n \t\t\t\t\t \n\t\t\tCourtesy of NextEra Energy<\/span>\n\t\t<\/p>\n<\/p><\/div>\n<\/div>\n Renewable Energy Group, Inc.\u00a0(REGI)<\/span><\/strong><\/span><\/p>\n Renewable Energy Group, Inc. (REGI<\/a>)\u00a0is a pure-play biodiesel and renewable diesel producer. REGI is\u00a0“leading the transformation of biofuel into something that helps improve the environment and grow customers’ profits. By pushing fuel forward, we are delivering cleaner fuels to meet growing global demand.” The company provides lower carbon transportation fuels in the United States and internationally. It utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. The company’s performance<\/a> has been phenomenal recently.<\/span><\/p>\n Shares have skyrocketed more than 45% over\u00a0the last month alone; 170%, 310%, and 570% over the last 6 months, 1\u00a0year and 5 years, respectively. REGI is currently trading at $63.27 per share.\u00a0<\/p>\n<\/div>\n \t\t\t\t\t \n\t\t\tCourtesy Renewable Energy Group, Inc.<\/span>\n\t\t<\/p>\n<\/p><\/div>\n<\/div>\n The bottom line<\/strong><\/span><\/p>\n REGI, NEE and SEDG are well positioned to profit from Biden’s ambitious\u00a0goal of a 100% clean energy economy. What if President Trump wins re-election in November?\u00a0As the global economy transitions away from dirtier fossil fuels toward cleaner energy sources, the three\u00a0companies highlighted above should continue to produce stellar performances in almost any political environment.<\/p>\n BONUS<\/u><\/span><\/strong><\/p>\n I’m also looking at establishing a\u00a0position in Enbridge Energy<\/a>, ENB,\u00a0\u00a0in the next 24-72 hours (8% attractive yield).<\/p>\n ALTERNATIVES<\/u><\/span><\/strong><\/p>\n A great alternative to NEE is\u00a0competitor\u00a0Duke Energy<\/a>, DUK (stellar 4.14% yield; annual payout $3.86). NextEra Energy recently offered to acquire Duke Energy<\/a>. The takeover offer\u00a0was rejected, however. A substitute\u00a0to SEDG is its\u00a0red-hot competitor\u00a0Enphase Energy (ENPH)<\/a>, which has been on a tear lately\u00a0(1-mo: +61%; 6-mo: +186%; YTD: +317%; 5-yr: 2015%).<\/p>\n Do you have great stock ideas for a possible Biden presidency? Please share with us in the comment section.<\/p>\n Disclosure<\/em><\/strong>:\u00a0 I am\u00a0LONG NEE, SEDG, REGI.\u00a0This article may contain affiliated links to one or more investment products<\/a>. I\u00a0may receive a small commission when you click on the links and sign up for services. Thanks! All data is current as of the article publication date.\u00a0Information presented here should not be construed as financial advice. You are always encouraged to conduct your own research. Read the<\/em><\/em>\u00a0full disclaimer<\/a>.<\/em><\/p>\n<\/div>\n In the U.S., renewable [energy] generation beat out coal generation for the first time on a quarterly basis in Q1 2020. That’s according to Climate Nexus.\u00a0The potential upside for clean and renewable energy is expected to grow exponentially.\u00a0 The world is quickly moving away from a world powered by fossil fuels to one driven by […]<\/p>\n","protected":false},"author":1,"featured_media":48715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[29087,29089,29090,5293,1976,974,29086,11079,29088,3140,14714,11046,7351],"dealstore":[],"offerexpiration":[],"class_list":["post-48714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-best-clean-energy-stocks","tag-best-energy-stocks","tag-best-solar-stocks","tag-build","tag-clean","tag-energy","tag-how-to-invest-in-renewable-energy","tag-invest","tag-joe-biden-energy-plan","tag-pick","tag-renewable","tag-stocks","tag-wealth"],"yoast_head":"\n
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\n\t\t<\/a>\n\t<\/div>\n\n\t\u00a0Ready to start investing? Choose a platform below.\u00a0<\/span><\/h3>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"