10 Most Profitable Renewable Energy Stocks Now

5. DTE Energy Company (NYSE:DTE)  

Upside Potential: 13.36%  

5-Year Net Income CAGR: 6.97%  

TTM Net Income: $1.53 Billion  

DTE Energy Company (NYSE:DTE) is Michigan’s largest utility provider involved in the development and management of energy-related businesses. The company serves 2.3 million customers in Southeast Michigan with its electric segment with an 11,084-megawatt system capacity. DTE Energy Company (NYSE:DTE) generates wind and solar energy to power more than 750,000 homes and plans to power 5.5 million homes with renewable energy by 2042.

On October 25, DTE Energy Company (NYSE:DTE) announced that its largest solar park, Sauk Solar, is now operational. Located in central Michigan’s Branch County, the solar park has a capacity of 150 megawatts, which is enough to power approximately 40,000 homes.

Sauk Solar is a significant addition to the company’s renewable energy portfolio, being more than three times the size of its second-largest solar park in Lapeer. The park features nearly 347,000 solar panels and is the first of six new solar parks to come online as part of DTE Energy Company’s (NYSE:DTE) CleanVision MIGreenPower program.

The CleanVision MIGreenPower program allows customers to voluntarily enroll and support the development of new renewable energy projects, such as solar parks. Sauk Solar and the other five parks under construction are funded by these enrolled customers.