Buy These Renewable Energy & Battery Energy Stocks to Boost Your Portfolio

Core Insights - The global energy transition is accelerating with a significant shift towards renewable energy sources like solar and wind, leading to increased demand for energy storage solutions [2][3] - The International Energy Agency (IEA) reports that renewables contributed to nearly three-quarters of the global power generation increase last year, highlighting the interdependence between renewable energy and energy storage [3][4] - Projections indicate that global renewable energy capacity will grow by over 5,500 gigawatts (GW) from 2024 to 2030, with energy storage expected to increase sixfold during the same period [4] Industry Overview - The demand for electricity remains resilient even during economic downturns, driven by industrial growth, electric vehicle (EV) adoption, and data center expansion, which further stimulates investments in renewables and storage [5] - Strong policy support, fiscal incentives, and declining installation costs for solar and wind technologies are enhancing the competitiveness of clean energy firms [6] Company Highlights - Brookfield Renewable Partners (BEP) operates one of the largest publicly traded platforms for renewable power, with nearly 46,000 megawatts (MW) of generating capacity and a diverse portfolio across five continents [7] - In 2024, BEP developed approximately 7,000 MW of new clean energy capacity and secured contracts for an additional 19,000 gigawatt-hours (GWh) of generation [8] - Vestas Wind Systems, the largest wind turbine manufacturer, has around 56,700 turbines in service, equating to 157 GW, and is expected to avoid 490 million tons of CO2 over their lifetime, reflecting a 25% improvement year-over-year [11] - Nextracker, a leader in solar tracker technologies, has shipped over 130 GW of systems globally and has a manufacturing capacity of approximately 1,500 MW per week [13][14] Financial Projections - The Zacks Consensus Estimate for BEP indicates year-over-year sales growth of 14.1% in 2025 and 8.8% in 2026 [10] - Vestas is projected to see a 20.5% and 10.9% increase in sales for 2025 and 2026, respectively, with a long-term earnings growth rate of 33.4% [12] - Nextracker anticipates sales growth of 11.9% and 9.1% for fiscal 2026 and 2027, with a long-term earnings growth rate of 12.4% [15]