10 Most Profitable Renewable Energy Stocks Now

4. National Grid plc (NYSE:NGG)  

Upside Potential: 13.73%  

5-Year Net Income CAGR: 4.20%  

TTM Net Income: $2.29 Billion  

National Grid plc (NYSE:NGG) is one of the largest energy companies in the United States, serving more than 20 million people in New York and Massachusetts regions. The company is transforming its electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions and taking necessary steps towards achieving net zero by 2050.

National Grid plc’s (NYSE:NGG) National Grid Ventures (NGV) is at the forefront of the energy transition. The company operates across the UK, Europe, and the US, and focuses on developing, operating, and investing in large-scale renewable energy infrastructure. National Grid Ventures (NGV) operates wind and solar power generation assets, battery storage, and the Grain LNG Terminal in the United Kingdom.

National Grid plc’s (NYSE:NGG) National Grid Renewables develops, constructs, and operates renewable energy projects in the United States. National Grid Renewables operates 1.7 GW of renewable energy assets and is developing and constructing over 30GW of assets.

On November 14, National Grid Renewables announced the start of onsite construction at its 100 MW Apple River Solar Project in Polk County, Wisconsin. This project marks a significant milestone in the company’s efforts to increase its renewable energy portfolio. The project will supply power to Xcel Energy to serve its customers across the Upper Midwest.