Which Green Energy Stock Could Offer a Higher Upside?
Elevated fuel prices and supply woes triggered by the Russia-Ukraine war have compelled several countries to lay greater emphasis on renewable energy sources. According to the International Energy Agency or IEA, the annual renewable capacity increased 6% to 295 gigawatts (GW) in 2021 despite supply chain challenges, construction delays, and higher input prices. IEA estimates renewable capacity to further increase by over 8% to 320 GW in 2022. Given the favorable long-term trends for renewable and green energy stocks, we used the TipRanks Stock Comparison tool to compare SolarEdge, Plug Power, and Brookfield Renewable Partners to pick the stock with a higher upside potential.
Which Green Energy Stock Could Offer a Higher Upside?
Elevated fuel prices and supply woes triggered by the Russia-Ukraine war have compelled several countries to lay greater emphasis on renewable energy sources. According to the International Energy Agency or IEA, the annual renewable capacity increased 6% to 295 gigawatts (GW) in 2021 despite supply chain challenges, construction delays, and higher input prices. IEA estimates renewable capacity to further increase by over 8% to 320 GW in 2022. Given the favorable long-term trends for renewable and green energy stocks, we used the TipRanks Stock Comparison tool to compare SolarEdge, Plug Power, and Brookfield Renewable Partners to pick the stock with a higher upside potential.