Wind power station concept stocks

Are wind power stocks a good investment?

For investors looking to play alternative energy, Forbes Advisor has chosen wind power stocks that we believe provide a unique opportunity for investors. The following companies all operate at reasonable scale and provide an opportunity to invest in a sustainable future. *All data is sourced from StockRover, current as of May 31, 2024.

Which wind energy stocks are poised to generate high profits?

Three wind energy stocks that are poised to generate very high profits for investors in 2022 and over the long-term are: The Denmark-based company is the leader in the new, rapidly growing offshore wind market.

Is Northland Power a good wind energy stock?

Northland Power also trades over-the-counter (OTC) in the U.S. under the ticker NPIFF. These are the top wind energy stocks as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly YOY percentage revenue growth and their most recent quarterly YOY earnings-per-share (EPS) growth.

What is a wind energy ETF & how does it work?

The ETF invests in pure-play wind companies that get at least 50% of their revenue from wind-related activities (60% of the fund) and diversified companies involved in some aspect of the wind energy industry (40% of the fund). As of mid-2024, it held more than 55 wind energy stocks.

Is GE a wind stock?

While those revenue numbers are larger than the entire operations of a few stocks on this list and the stock is incredibly liquid and widely held, the reality is that wind is not a significant driver of GE’s success as a corporate entity. In other words, while stocks like GE may be more prominent or easy to trade, they are not truly “wind stocks.”

Are floating wind turbines a viable option for energy companies?

When companies first started harnessing offshore wind power, the wind turbines were placed on fixed structures. In more recent years, floating wind structures have been developed to support wind turbines. With these floating wind turbines, energy companies have more options to deploy turbines.