Two Top Energy Stocks to Benefit from a Biden Presidency
The election of Joe Biden as President of the United States is expected to have a significant impact on the energy sector, particularly with his commitment to addressing climate change. As a result, investors are looking for energy stocks that are positioned to benefit from a Biden presidency. Here are two top energy stocks to consider:
1. NextEra Energy (NEE)
NextEra Energy is a Florida-based energy company that has emerged as a leader in the renewable energy space. The company operates through two primary subsidiaries: Florida Power & Light and NextEra Energy Resources, which is focused on renewable energy development.
With its extensive experience in wind and solar power, NextEra Energy is well-positioned to capitalize on the growth of the renewable energy sector. In fact, the company has set a goal of achieving 50% renewable energy generation capacity by 2025.
NextEra Energy has also been recognized for its commitment to environmental stewardship and has been named one of the world's most ethical companies by Ethisphere for 14 consecutive years.
In addition to its focus on renewable energy, NextEra Energy also operates a regulated utility business in Florida, which provides a stable source of revenue.
Overall, NextEra Energy is a top energy stock to consider for investors looking to capitalize on the growth of renewable energy under a Biden presidency.
2. Brookfield Renewable Partners (BEP)
Brookfield Renewable Partners is a global renewable energy company that operates a portfolio of wind, solar, hydroelectric, and biomass power facilities. The company's wind and solar assets are primarily located in North America and Europe, while its hydroelectric and biomass assets are located in South America and Asia.
With the Biden administration's commitment to addressing climate change, Brookfield Renewable Partners is expected to benefit from the growth of renewable energy around the world. The company has set a goal of achieving 15,000 MW of installed capacity by 2025, which would make it one of the largest renewable energy companies in the world.
Brookfield Renewable Partners also benefits from its relationship with Brookfield Asset Management, one of the world's largest asset managers, which provides access to capital and a strong track record of successful investments.
Overall, Brookfield Renewable Partners is a top energy stock to consider for investors looking to benefit from the growth of renewable energy under a Biden presidency.
Conclusion
As the world moves towards renewable energy, energy companies that are positioned to benefit from this transition are expected to outperform. NextEra Energy and Brookfield Renewable Partners are two great options for investors looking to capitalize on the growth of renewable energy under a Biden presidency.