There’s still plenty of time to invest in solar stocks.
With the Democrats in control of Congress, and Joe Biden heading to the White House, green energy is sure to take center stage.
In fact, “Infrastructure spending, green energy and health care are all Democratic priorities and should do well under a Biden presidency,” noted Rodney Johnson, president of economic research firm HS Dent Publishing, as quoted by Kiplinger.
Two, Biden has already said the U.S. will rejoin the Paris Climate Accord. Three, Biden mentioned $2 trillion clean energy plan, with hopes for net zero emissions by 2050.
Four, the $900 billion stimulus bill includes $35.2 billion for new energy initiatives.
According to The Washington Post:
“It authorizes a sweeping set of new renewable energy measures, including tax credit extensions and new research and development programs for solar, wind and energy storage; funding for energy efficiency projects; upgrades to the electric grid and a new commitment to research on removing carbon from the atmosphere. And it reauthorizes an Environmental Protection Agency program to curb emissions from diesel engines.”
One of the top shining solar stocks has been SunPower (SPWR), which has run from $24 to $31.55 in recent days.
Other top solar names to consider are Enphase Energy (ENPH), First Solar (FSLR), SolarEdge (SEDG), and related ETFs such as the Invesco Solar ETF (TAN).
