3 Green Energy Stocks to Buy in March

Core Viewpoint - The ongoing geopolitical conflict in the Middle East has overshadowed long-term trends in the energy sector, particularly the shift from fossil fuels to cleaner energy sources. However, this transition continues, and there are investment opportunities in companies that are adapting to this change. Group 1: TotalEnergies - TotalEnergies is leveraging profits from oil and natural gas to invest in clean energy, with its integrated power division projected to account for 12% of operating income by 2025 [2] - The potential increase in cash flow from high oil prices could further support the growth of TotalEnergies' integrated power division, offering a balanced investment option for those hesitant to fully commit to clean energy [3] - The company offers a dividend yield of 4.5%, although U.S. investors must consider French taxes and fees on dividends [3] Group 2: NextEra Energy - NextEra Energy operates one of the largest regulated electric utilities in the U.S., providing a stable foundation for its expanding solar and wind power business [4] - The company has been a growth leader in renewable energy, being one of the largest producers of solar and wind energy globally [4] - NextEra Energy has a dividend yield of 2.6%, which is above the utility average of 2.4%, and it projects earnings growth of 8% annually through 2035, with dividend growth of 6% through at least 2028 [6] Group 3: Brookfield Renewable - Brookfield Renewable is a pure play on clean energy, with a diverse portfolio that includes solar, wind, hydroelectric, and nuclear power, as well as energy storage [7] - The company has established long-term agreements with major tech firms like Microsoft and Google to support their clean energy needs [7] - Brookfield Renewable has a distribution growth rate of 5% annually over the past decade, aligning with management's target of 5% to 9% [9]