Top Wind Energy Stocks That Will Drive Long-Term Portfolio Growth
4 Wind Energy Stocks to Keep an Eye On
Arcosa is a well-known provider of infrastructure-related products and services that serve the energy, construction and transportation markets. The company's Engineered Structures business provides wind towers, utility structures and telecommunication structures for wind power generation, electricity transmission and distribution, and wireless communication markets.This Zacks Rank #2 (Buy) company's Engineered Structures business continues to witness strong demand for its wind towers and engineered structures. Robust orders for its utility structures, driven by increasing grid hardening and reliability initiatives, have been driving its performance. The passage of the Inflation Reduction Act (IRA) has been a significant growth catalyst for ACA's wind towers business. Since the passage of the act, Arcosa has grabbed $1.1 billion worth of new orders through 2028. A significant portion of these orders will cater to the wind energy expansion projects in the Southwest.The significant growth in new orders and a strong backlog level led Arcosa to open a new plant in New Mexico and it started delivering towers from the facility in the second quarter of 2024. The company remains well-placed to benefit from the growing requirement for load enhancements in the United States.Dominion Energy, together with its subsidiaries, produces and transports energy in the United States. It is a major energy company engaged in regulated and non-regulated electricity distribution, generation and transmission businesses. The company has a portfolio of nearly 30,300 MW of electric-generating capacity, 10,600 miles of electric transmission lines and 79,700 miles of electric distribution lines.Dominion Energy has a well-chalked-out long-term capital expenditure plan to strengthen and expand its infrastructure. After spending $6 billion in the 2018-2022 period, the company plans to invest $10.8 billion in 2025 and $50 billion in the 2025-2029 period to further strengthen its operations. Its long-term objective is to operate more battery storage, solar, hydro and wind (offshore as well as onshore) projects by 2036 and increase the renewable energy capacity by more than 15% per year, on average, over the next 15 years.By 2035, the Zacks Rank #2 company also intends to make zero and low-emitting resources accountable for 99% of its electric generation. The company is working on offshore wind projects and battery storage projects to lower emissions.Brookfield Renewable Partners owns and operates several renewable power generating facilities. The company's power generating portfolio is comprised of hydroelectric generating, wind facilities and natural gas-fired plants. It has operations in the United States, Canada and Brazil.The Zacks Rank #2 company's exposure in wind and utility-scale solar generation sectors has been enabling it to capitalize on the growing opportunities across the renewable power sectors, with high cash margins and minimum fuel input cost. BEP has a target of $8-$9 billion investment over the next five years and intends to raise its funds from operations (FFO) per unit by more than 10% on an annual basis in the long term.Brookfield Renewable has a strong development pipeline, with a massive 200 GW worth of projects. Also, its pace of commissioning projects is tracking toward 10 GW a year, which is expected to grow in the coming years. Also, its renewable energy framework deal with Microsoft to provide more than 10.5 GW of clean energy capacity between 2026 and 2030 holds promise.DTE Energy is a diversified energy company that develops and manages energy-related businesses and services. The company has been investing steadily to enhance its renewable generation assets. DTE aims to invest more than $10 billion in the clean energy transition over the next 10 years.To promote clean energy, DTE has its MIGreen Power program, through which it offers its customers the option to source their energy usage from renewables. This program aims to substantially accelerate the development of new wind and solar projects across Michigan.By 2026, DTE Energy aims to add more than 1,000 MW of new clean energy projects to meet this program's demand. Such clean energy-related initiatives should enable DTE to meet its carbon emission reduction target. Notably, this Zacks Rank #3 (Hold) company plans to reduce carbon emissions of its electric utility operations by 65% in 2028, 85% in 2032 and 90% by 2040 from the 2005 level.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DTE Energy Company (DTE) : Free Stock Analysis Report
Dominion Energy Inc. (D) : Free Stock Analysis Report
Brookfield Renewable Partners L.P. (BEP) : Free Stock Analysis Report
Arcosa, Inc. (ACA) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Fehler beim Abrufen der Daten
Melden Sie sich an, um Ihr Portfolio aufzurufen.
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Fehler beim Abrufen der Daten
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Both sides can claim victory in US-EU tariff deal, but devil may be in detail
After weeks of tense negotiations between their top trade officials, the EU and US have finally struck a deal - and it comes on the eve of America's latest round of tariff talks with China. Ultimately it took leaders from Washington and Brussels to sit down face to face to reach Sunday's agreement. That's something we've also seen with the other deals that President Donald Trump has struck - his personal involvement is what has pushed them over the line – even when the prospects of a breakthrough did not seem bright. This matters to both sides because so many businesses and jobs depend on what the EU calls "the world's largest bilateral trade and investment relationship". Both President Trump and European Commission President Ursula von der Leyen can paint this as something of a victory. For the EU, the tariffs could have been worse at 15%, rather than the 30% that had been threatened – although it's not as good as the UK's 10% rate. For the US that equates to the expectation of roughly $90bn (£67bn) of tariff revenue for government coffers – based on last year's trade figures - plus there's $600bn of investment now due to come into the country. A lot of other big numbers have been thrown around in terms of how much the EU will invest in the US, but the devil will be in the detail. Questions like exactly when those investments will be made, and in what areas, are for now, unanswered. This deal is being sold as a landmark moment in relations between the US and the EU. It has not been easy getting to this point. Washington and the 27-nation bloc have both played hardball and neither was ready to give in easily, which is why these talks went down to the wire. But neither side wanted these negotiations to drag on beyond the 1 August deadline. For years, the US president has railed against what he regards as Europe's unfair trade practices. The first part of that is the deficit. Last year that meant the US bought $236bn of goods more from the EU than it sold to the bloc. Trump takes the somewhat simplified view that this is American wealth needlessly leaving the country. The reality is that international trade is a more complex affair. The other complaint has been that the EU's strict regulations on everything from cars to chickens make it harder for American companies to sell their products in the EU than the other way round. When we get more details of this deal, we may know how much has been done to address that. But European Commission President Ursula von der Leyen seemed to acknowledge the need to tackle the deficit. In announcing the agreement, she said: "We have to rebalance it. We have an excellent trade relation. "It's a huge volume of trade that we have together. So we will make it more sustainable." This deal shows how serious President Trump is about renegotiating how the US, the world's biggest economy, does business with everyone else. Given the EU consists of 27 very different countries, it has seemed one of the trickier trade agreements to pull off. It comes days after the US struck another major agreement with Japan - there have also been deals with the UK, Vietnam and Indonesia. The other big ones still on the table are with the three biggest US trade partners - Mexico, Canada and China. And with the US president in a deal-making mood, there could be more positive news for the global economy over the next 48 hours. For the third time in as many months, the US and China are holding their next trade talks in Stockholm, Sweden, on Monday and Tuesday There is some expectation that higher tariffs could be suspended for another 90 days. A few days ago Trump said the US was "getting along with China very well" and implied that the major sticking point of rare earth metals exports had been overcome. With the broad outlines of an EU agreement in the hold, Washington's trade negotiators have the wind in their sails going into talks with Beijing. But China has so far taken a more uncompromising approach than other US trade partners. And if talks between the world's two biggest economies falter, global trade could still be heading for choppy waters in the months ahead. EU and US agree trade deal, with 15% tariffs for European exports to America Trump says US may not reach trade deal with Canada Philippines goods to face 19% tariff, Trump says
Bloomberg
21 minutes ago
- Bloomberg
Who Buys the F-150s, and More Japan Deal Mysteries
The long-awaited trade deal between the US and Japan has investors celebrating after months of uncertainty. But as the song goes, nagging questions always remain. Who is going to buy the 'cars, SUVs and trucks' that President Donald Trump has promised to sell? Who is going to purchase the 100 Boeing jets? And what possible structure could the $550 billion fund, allegedly financed by Tokyo with 90% of profits going to US, actually take?
Bloomberg
21 minutes ago
- Bloomberg
EU Agrees to Pay 15% Tariff on Most Exports to US
By and Samantha Stewart Save Good morning. The US and EU strike a deal. A new premium credit card joins the fray. And China moves to launch an international AI organization. Listen to the day's top stories. Just in time for the Friday deadline, the US and European Union have reached an agreement that will see the bloc face a lower-than-threatened 15% tariff on most goods, including cars. China bought itself some more time, with the South China Morning Post reporting that the US will hold off on implementing measures against the country for another 90 days.
