3 Alternative Energy Stocks to Watch Amid Rising Material Cost

Per the U.S. Energy Information Energy (EIA), wind generation in the United States is projected to increase 30 billion kilowatt-hours (kWh) in 2024. This should bolster alternative energy stocks’ prospects.  However, the rising price of wind turbines and the strained U.S.-China relationship might impact the growth rate of these stocks. Nevertheless, the boom in the electric vehicle market, which is expected to witness a CAGR of more than 15.5% during 2023-2032, has been a key growth catalyst for the alterna ...