Investing in Green Energy: 3 Stocks for Long-Term Growth

Renewables' share of power capacity has doubled over 15 years, with solar dominant; the market grows 14% annually.
Solar panel technicians are standing in the middle of a solar farm.

The landscape of energy investment is evolving, with renewable energy sources gaining renewed interest despite a previous cooling of the market. As nuclear power gains traction and fossil fuels maintain a foothold, the focus on green energy investments is intensifying, driven by significant shifts in power capacity and projected growth.

According to the United States Energy Information Administration, solar energy accounted for more than half of the country’s installed power capacity by 2025, with wind contributing an additional 14%. Although natural gas and coal continue to dominate electricity production, coal’s influence is waning while renewables have doubled their share over the last 15 years. Yet, renewables produced less than 20% of total U.S. power in 2025, a trend mirrored globally.

This scenario sets the stage for the global renewable energy market’s projected growth at nearly 14% annually through 2031, with expectations for continued expansion. Here are three compelling renewable energy stocks for long-term investors to consider.

Image source: Getty Images.

Bloom Energy

While hydrogen fuel cell companies like Plug Power have struggled, Bloom Energy (BE +21.02%) stands out with its solid oxide fuel cells, which utilize a ceramic electrolyte. This technology enables higher temperature operation and the use of diverse fuel sources, including natural gas, biogas, and hydrogen. With a clientele featuring industry giants like Honda, AT&T, and Oracle, Bloom Energy’s revenue surged 37% last year to over $2 billion.

Bloom Energy Stock Quote

Today’s Change

(21.02%) $47.58

Current Price

$273.95

Cameco

Nuclear energy has gained acceptance as a safe and environmentally friendly power source, with the International Atomic Energy Agency projecting nearly double its output by 2050. Cameco (CCJ 2.22%) is a leading uranium miner and processor, producing 21 million pounds last year and generating nearly $3.5 billion in revenue. With over 400 million pounds of uranium and extensive reserves, Cameco is well-positioned to support the nuclear power industry’s growth.

Cameco Stock Quote

Today’s Change

(-2.22%) $-2.58

Current Price

$113.73

GE Vernova

Adding GE Vernova (GEV +0.57%) to an investment portfolio could be beneficial as it produces gas turbines, a cleaner-burning fossil fuel option. Although only 20% of its business is wind turbines, natural gas turbines provide a reliable energy source, complementing the variability of wind and solar power. GE Vernova’s revenue rose 16% last quarter to over $9.3 billion, backed by a $163 billion order backlog.

GE Vernova Stock Quote

Today’s Change

(0.57%) $6.26

Current Price

$1095.19

Original Story at www.fool.com