The stock has dipped significantly from all time highs however as renewable energy companies have gone through a significant correction. If you're looking for some US based companies that are helping the world's oceans, have a read of this piece. Solar stocks in Canada have been around for a while, but have remained relatively unknown due to high costs, and investors are starting to gain interest. Let’s take a closer look at four renewable energy companies we think are the cream of the crop here in Canada for 2021.Īs requested by many readers, we've also added a solar energy company to the list in this most recent update. In fact, they have been around for quite some time now, and as a result clean energy stocks provide stable and reliable cash flows, much like regulated utility giants Fortis, Canadian Utilities and Emera.Ĭlean energy companies are able to provide strong dividends to go along with upside potential in an ever growing industry. Renewable companies aren't the new kids on the block, despite many thinking so. A common misconception with Canadian green energy companies? Renewable energy provides nearly 20% of Canada's energy supply, with hydroelectricity accounting for over half of that. Renewable energy companies provide sources of power that are often considered cleaner and more sustainable including but not limited to:
"energy from natural resources that can be naturally replenished within a human lifespan." - Natural Resources Canada What exactly do Canadian renewable energy companies do? So if you're new to buying stocks here in Canada, you may want to know what exactly these Canadian renewable energy companies do. Because it's a matter of when, not if these companies take over as the primary method of energy generationĪnd while people sit on the sidelines, squabbling over if swapping to renewables is worth it, you can be making boatloads of money off of it.ĭon't believe me? These clean energy companies have crushed the returns of the TSX Index. Your best bet as an investor is to funnel out the noise and instead take a position in a strong TSX listed renewable energy stock. Plus, much like Canadian gold stocks, fossil fuel companies rely heavily on a commodity and can be quite cyclical.īut all while this is happening, green energy companies here in Canada are quietly amassing large asset bases and production capacities. The effects of fossil fuels on the climate and climate change in general is an extremely touchy subject, and arguments from both sides tend to pack a sizable punch in terms of support. The renewable energy vs fossil fuel debate is a heated one
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