Solar Beats Coal for the First Time: 3 Dividend Stocks to Buy Now
Key takeaways
- NEE HASI NVDA BEP-UN.TO About a decade ago, natural gas overtook coal as the primary fuel for the electric utility sector.
- This could be an important inflection point for renewable power.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NEE HASI NVDA BEP-UN.TO About a decade ago, natural gas overtook coal as the primary fuel for the electric utility sector. Coal's use, however, has continued to decline, falling from 19.7% of supply five years ago to 12.2% in May. That same month, solar power supplied 12.8% of the U.S. grid's needs, making it more important than coal for the first time. Five years ago, solar was just 5.4% of the supply.
This could be an important inflection point for renewable power. And it makes stocks like NextEra Energy (NYSE: NEE), Brookfield Renewable Partners (NYSE: BEP), and HA Sustainable Infrastructure Capital (NYSE: HASI) attractive investments. Here's what you need to know to get started with these dividend stocks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »