Over the last five years, global enterprises have spent a staggering $1.5 trillion to build more renewable energy-generating capacity. Those investments added 1 million megawatts of new power supply. However, even with all that investment, wind and solar power are still less than 10% of the global total.
Because of that, the renewable energy sector has lots of running room to keep growing. According to one estimate, more than $10 trillion of investment is needed to transition developed economies from fossil fuels to renewables. This outlook suggests that companies focused on renewables could reap big future gains. The following 14 stocks appear to be best-positioned to capture the growth potential of the renewable energy sector.
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