In this article, we will look at the 11 Best Alternative Energy Stocks to Buy Now.
The global energy market is going through a massive change as alternative energy sources are becoming increasingly popular and the world transitions away from fossil fuels. Governments, corporations, and investors are now prioritizing renewable energy sources. This is powered by favorable policies, technological advancements, and the rising demand for energy due to emerging industries like AI-driven data centers. Thus, energy stocks are becoming an attractive investment opportunity as the world moves toward sustainable energy alternatives.
Accordingly, global clean energy deployment hit a new record in 2023, driven by a growth of 85% in solar PV and 60% in wind capacity, as per the International Energy Agency (IEA). Investment in solar exceeded all other energy sources, breaching the $500 billion mark, as per the World Economic Forum. On the other hand, investments in battery storage surpassed $50 billion, adding to the strength of the energy storage solutions. Thus, these investments point toward the increasing demand for renewables in the global energy mix.
The acceleration of this transition has been majorly supported by federal policies. Initiatives worldwide, like the Inflation Reduction Act (IRA) in the U.S., have fostered the expansion of clean energy by presenting tax credits and incentives for renewable energy projects. Utility-scale solar and wind additions made up 90% of the total new capacity additions, up from 57% in 2023, according to a report by Deloitte.
The demand for electricity is also increasing as the expansion of AI, data centers, and cleantech manufacturing flourishes. According to Deloitte’s 2025 Energy Outlook, data centers could drive 44 GW of additional demand by 2030, adding to renewable energy solutions’ needs. Consequently, investments in solar, wind, and battery storage are expected to grow at an increasing rate.
On the other hand, nuclear energy is facing renewed interest. Although additions to nuclear capacity faced a decline in 2023, now the number of reactors globally under construction is at 58, emanating a total capacity of over 60 GW. Investments in the nuclear sector are doubled by countries like the U.S. and France, recognizing it as a potential reliable emissions-free energy solution.
Furthermore, the clean energy sector is propelled forward by increasing technological advancements and cost-cutting. The price of lithium-ion batteries has reduced by over 90% in the past decade, with a 40% decrease in 2024 alone, as reported by the World Economic Forum. AI also plays an important role in the optimization of energy storage, enhancing grid efficiency, and furthering renewable deployment.
Green hydrogen has emerged as a promising long-term solution. The capacity for hydrogen electrolyzers grew by 360% in 2023, largely due to China and the U.S. Such growth and advancements in hydrogen storage and distribution could potentially make hydrogen a viable alternative for industries requiring high-energy-density fuels.
Therefore, alternative energy stocks seem to be an attractive investment in light of strong policies, technological advancements, and increasing demand for clean energy. The Inflation Reduction Act in the U.S., as well as policies in Europe and Asia, have introduced incentives to encourage companies to expand their renewable energy initiatives.
Thus, the sector is positioned to be attractive for investors in terms of long-term growth due to its swift expansion, decreasing costs, and increasing adoption by the corporate sector. With this, let’s now look into the 11 best alternative energy stocks to buy in 2025.
An agricultural field full of solar panels, capturing the sun’s energy for the company.
Methodology
To come up with our list of the 11 Best Alternative Energy Stocks to Buy Now, we first picked companies operating in the alternative energy sector with market capitalization surpassing the $5 billion mark. We then further shortlisted these stocks on the basis of hedge fund backing, as stocks with strong hedge fund interest often prove to be financially strong, with robust growth potential.
The shortlisted stocks were then ranked using Insider Monkey’s Hedge Fund Database as of Q4 2024, as per the number of hedge funds invested in them. The companies with the highest hedge fund interest were ranked in ascending order.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11. Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)
Number of Hedge Funds Holders: 28
Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) is a top company in Brazil’s power industry. The company produces electricity using hydro, thermal, nuclear, wind, and solar energy sources. It holds operations of 44 hydroelectric plants, five thermal plants, and two nuclear plants, as well as an extensive transmission network of over 66,000 kilometers.
Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) reported strong financials for Q3 2024 under its cost-cutting strategy and operations optimization. The company has been able to reduce costs and optimize its portfolio after the successful integration of Furnas. CEO Ivan Monteiro has emphasized cost-cutting as the company’s top priority, targeting PMSO expenses to be below $1.2 million in 2025 and further expecting it to be around $1 million in 2026. Such efficiency has enabled it to hold a strong cash position, raising around $3.8 billion in 2024, enabling it to allocate capital toward clean energy expansion and infrastructure improvements in the future.
Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) is furthering its renewable energy agency as it recently got authorized to operate the Coxilha Negra wind farm in Rio Grande do Sul, enhancing its clean energy portfolio. The company is also expanding its energy transmission capabilities, reinforcing the grid to meet the growing demand from Brazil for renewables.
However, market volatility remains a challenge, which the company has mitigated through efficient energy portfolio management, benefiting from price variability to increase profitability. The company is looking to secure new clients and stabilize energy prices under its long-term strategy, despite industry shifts in Brazil.
With increasing interest from investors toward hydro and wind power, Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) is well-positioned to capitalize on Brazil’s renewable energy expansion. Its position has strengthened under its ability to adapt to regulatory changes and market dynamics. As the company focuses on cost optimization and renewables expansion, it is a strong investment option among the Best Clean Energy Stocks in emerging markets.
10. Ormat Technologies, Inc. (NYSE:ORA)
Number of Hedge Funds Holders: 28
Ormat Technologies, Inc. (NYSE:ORA) is one of the top players in the geothermal and renewable energy industry. The company operates assets globally, including the U.S., Indonesia, Kenya, Turkey and other international markets.
Ormat Technologies, Inc. (NYSE:ORA) has posted a roughly 6% increase in its share price year to date, reflecting investor confidence in its expansion of clean energy. The company, under strategic acquisitions and energy storage growth, reported strong financials for Q4 and the full year ended December 31, 2024.
Its total revenue for 2024 surged by 6.1% compared to the previous year, reaching $879.9 million, whereas adjusted EBITDA was reported to be $550.5 million, an increase of 14.3% YoY. Its electricity segment saw a significant surge due to the integration of Enel’s geothermal assets. On the other hand, its storage segment underwent significant advancements, including the 80 MW Bozident project, which is its largest storage facility.
Moreover, the company reported a significant leap forward as commercial operations started at the 35MW Ijen Geothermal Power Plant in Indonesia. The project, developed in partnership with PT Medco Power Indonesia, contributes to Indonesia’s target of 7.2 GW of geothermal capacity by 2035. Ormat Technologies, Inc. (NYSE:ORA) holds a 49% stake in the facility, furthering its presence in the region and strengthening its commitment to global renewable energy expansion.
Ormat Technologies, Inc. (NYSE:ORA) also signed two 15-year tolling agreements for energy storage projects in Israel, which is its first major entry into the country’s utility-scale storage market. These projects, developed with Allied Infrastructure Ltd., have an accumulated capacity of 300MW/1200MWh, adding to Ormat’s position in the energy storage sector.
Although the company is expanding its footprint in the renewable energy sector, investors must be aware of curtailments affecting U.S. operations. These challenges may affect Ormat Technologies (NYSE:ORA) near-term revenue. However, the company’s strong project pipeline and global partnerships enforce it for long-term success.
Looking further, Ormat Technologies, Inc. (NYSE:ORA) has forecasted revenue between $935 million and $975 million for 2025, with adjusted EBITDA projected to increase to somewhere between $563 million and $593 million. Conclusively, its strategy to capitalize on the increasing clean energy demand, as well as its expertise in geothermal and energy storage, position it among the Best Clean Energy Stocks, remaining a compelling choice for investors.
9. Clearway Energy, Inc. (NYSE:CWEN)
Number of Hedge Funds Holders: 28
Clearway Energy, Inc. (NYSE:CWEN) is a leader in clean energy with a diversified portfolio including wind, solar, and battery storage assets across the U.S. Its renewable energy capacity of around 9 GW plays an important role in its transition toward sustainable energy solutions.
Clearway Energy, Inc. (NYSE:CWEN) reported strong financials for Q4 and the full year ended December 31, 2024. The company reported an adjusted EBITDA of $1.15 billion and cash available for distribution (CAFD) of $425 million, surpassing its forecast of $395 million. This strong financial result was driven by the addition of more than 1 GW of renewable power and energy storage capacity, and key investments in fleet expansion and optimization.
Moreover, the company obtained major growth investments, including Phase 1 of the Honeycomb Battery Hybridization project and the repowering of the Mt. Storm wind facility. The company also secured a binding agreement to take over the Tuolumne wind asset, which is forecasted to generate a 12% five-year average CAFD yield. Such moves cement Clearway Energy, Inc.’s (NYSE:CWEN) position in the clean energy sector and its ability to benefit from the increasing electricity demand.
Additionally, the company made significant inclusions to its storage portfolio, including the addition of 492 MW of Western U.S. storage projects to its future drop-down opportunities list, adding to its growth projection. The flexibility of its fleet has also poised Clearway Energy, Inc. (NYSE:CWEN) to capitalize on long-term renewable energy contracts, especially in the California market.
In light of these positives, the company has the potential to grow its share price further, as it has increased by 12.19% year-to-date, reflecting investor confidence in its growth strategy. The company is well-positioned to benefit from long-term value in the clean energy sector, under its strong balance sheet and an expanding portfolio of renewable energy projects. Clearway Energy, Inc. (NYSE:CWEN) has forecasted CAFD between $400 million and $440 million in 2025, expecting to meet the upper range, driven by timely growth investments.
While investors must be wary of potential market variability, the company’s strong fundamentals and dedication to clean energy expansion make it one of the Best Clean Energy Stocks.
8. Enphase Energy, Inc. (NASDAQ:ENPH)
Number of Hedge Funds Holders: 39
Enphase Energy, Inc. (NASDAQ:ENPH) is one of the top global companies in microinverter-based solar and batter solutions, catering to residential and commercial demand globally. The company designs and manufactures advanced home energy systems, including IQ Microinverters, IQ Batteries, and energy management software, optimizing solar power usage and storage for homeowners.
Enphase Energy, Inc. (NASDAQ:ENPH) reported its financials for Q4 ended December 31, 2024, posting a revenue of $382.7 million, shipping around 2 million microinverters and 152 megawatt-hours of batteries. It reported the generation of $159 million in free cash flow with a robust margin of 53% on a non-GAAP basis.
These figures were driven by cost efficiency and strong demand for its U.S.-made microinverters. Enphase Energy, Inc. (NASDAQ:ENPH) shipped around 1.7 million microinverters from its U.S. facility in Q4 and brought new high-content domestic microinverters, eligible for investment tax credits, enhancing its commitment to expanding domestic production.
Moreover, the company announced a key move on January 27, 2025, that its Enphase Energy System has now been integrated into Octopus Energy’s smart tariffs, inclusive of “Intelligent Octopus Flux.” This partnership has enabled its U.K. customers with Enphase solar and battery systems to enhance energy usage and sell off excess electricity at peak prices.
Enphase Energy, Inc. (NASDAQ:ENPH) is benefiting from the increasing battery adoption and virtual power plant (VPP) programs in the U.S., setting it up for long-term growth. Furthermore, the company is continuing to increase its presence across international markets. Although European revenues saw a decline in Q4 under market challenges, the company is actively bringing new products, such as IQ EV chargers and IQ Battery 5P.
Conclusively, with its strong fundamentals and strategic partnerships, Enphase Energy, Inc. (NASDAQ:ENPH) has the prospects of further growing its share price. Under its continuing expansion in distributed energy solutions and integration with smart energy platforms, the company is a top choice among the Best Clean Energy Stocks.
7. Nextracker Inc. (NASDAQ:NXT)
Number of Hedge Funds Holders: 41
Nextracker Inc. (NASDAQ:NXT) is one of the top providers of solar tracker and software solutions. The company focuses on energy production optimization for utility-scale solar projects globally. Its flagship products include NX Horizon and NX Horizon-XTR, enhancing solar efficiency through the adjustment of panel positioning based on site conditions.
Nextracker Inc. (NASDAQ:NXT) reported its financials for Q3 2025, which ended December 31, 2024. It reported an increase of 15% in revenue, year-on-year, to $2 billion YTD, with $679 million in revenue for Q3. The company’s backlog surpassed $4.5 billion, emanating sustained demand for its tracking systems. It also reported an 11% increase in adjusted EBITDA to $186 million, whereas adjusted free cash flow more than doubled to $135 million.
Moreover, 75% of total bookings came from the U.S., as contracts were secured across 20 states. Nextracker Inc. (NASDAQ:NXT) signed 15 major projects ranging from 100 MW to 750 MW, expanding into Latin America, Europe, Australia, and the Middle East. Additionally, demand remained strong for its NX Horizon tracker and Hail Pro-75, with expanding usage of the TrueCapture software in order to increase solar plant efficiency.
Further, the company operationally benefits from a robust manufacturing presence in the U.S., ascertaining a stable supply of 100% domestic content per Treasury guidance. Nextracker Inc. (NASDAQ:NXT) has been able to decrease lead times and improve delivery performance due to its 20 U.S. production facilities, enhancing its market position.
Looking further, Nextracker Inc. (NASDAQ:NXT) increased its profit target for 2025 by $75 million, now up to a midpoint of $720 million, powered by strong backlog and continued demand for solar tracking solutions. Its stock rose by 21.49% year-to-date, indicating investor confidence in its potential for growth. Under its strong balance sheet and continued global expansion, the company is a top pick among the Best Clean Energy Stocks.
6. NRG Energy, Inc. (NYSE:NRG)
Number of Hedge Funds Holders: 53
NRG Energy, Inc. (NYSE:NRG) is a dominant energy supplier in the U.S. and Canada, offering home services, power generation, and retail electricity. With a portfolio covering solar, natural gas, and battery storage solutions, the company runs across multiple segments, including East, West, Texas, and Vivint Smart Home.
NRG Energy, Inc. (NYSE:NRG) surpassed the midpoint of its increased guidance of EPS by 8%, marking 45% growth from 2023. It reported adjusted earnings per share of $6.83 for 2024, exhibiting strong financial performance in the full year ended December 31, 2024, as well as Q4. Its robust performance across its retail and energy operations was reflected by achieving record adjusted EBITDA of $3.8 billion and free cash flow before growth of $2.1 billion.
Furthermore, NRG Energy, Inc. (NYSE:NRG) has formed a strategic collaboration with GE Vernova and Kiewit’s TIC subsidiary to expedite the development of over 5 gigawatts of new natural gas combined cycle power plants in ERCOT and PJM markets, marking a key milestone. Increasing electricity demand from AI-driven data centers and industrial expansion is to be addressed by the first 1.2 GW, predicted to come online in 2029. NRG Energy (NYSE:NRG) is well-positioned as a prominent player in the growing energy landscape due to this partnership.
In addition, NRG Energy, Inc. (NYSE:NRG) is advancing on its 1.5 GW of brownfield development projects and acquiring agreements with data center operators for long-term power supply in Texas to expand its footprint there. To capitalize on growing power demand, the company focuses on utilizing its retail platform and generation assets.
Furthermore, NRG Energy reinforced its dedication to shareholder value by increasing its quarterly dividend by 8% to $0.44 per share, which aligns with its capital return strategy. While maintaining financial discipline and operational excellence, NRG continues to remain strongly positioned to implement its prolonged growth strategy for the future. It is one of the Best Clean Energy Stocks.
5. First Solar, Inc. (NASDAQ:FSLR)
Number of Hedge Funds Holders: 65
First Solar, Inc. (NASDAQ:FSLR), a top solar technology company, specializes in photovoltaic (PV) solar energy solutions. The company provides a lower-carbon alternative to conventional silicon-based modules as it manufactures thin-film cadmium telluride (CadTel) solar modules. First Solar caters to utilities, independent power producers, and commercial system owners, with operations spanning various international markets, including France, Chile, India, and the United States.
For the year ended December 31, 2024, First Solar, Inc. (NASDAQ:FSLR) reported record net sales of $4.2 billion, marking a 27% year-over-year growth. In 2024, the company sold 14.1 gigawatts of modules, adding to a year-end contracted backlog of 68.5 gigawatts valued at $20.5 billion. However, full-year diluted earnings per share (EPS) came in at $12.02, which is minorly below guidance, despite the strong sales, as it was affected by one-time manufacturing and logistics costs.
Furthermore, First Solar, Inc. (NASDAQ:FSLR) generated 9.6 gigawatts of Series 6 and 5.9 gigawatts of Series 7 modules, leading to a total of 15.5 gigawatts of solar modules in 2024. The company pursued technological advancements by presenting CuRe modules and commissioning a dedicated R&D innovation center in Ohio. Louisiana facility’s total capacity will climb to over 25 gigawatts by 2026 as it races on to its $1.1 billion construction. The facility is projected to begin its operation in late 2025.
First Solar, Inc. (NASDAQ:FSLR) manages global policy uncertainties, including trade regulations impacting Southeast Asian markets, as part of its strategic growth. The company plans to stay focused on harnessing its robust backlog to maintain prolonged growth and scaling U.S. manufacturing. Moving forward, First Solar has predicted 2025 net sales to be between $5.3 billion and $5.8 billion, with EPS forecasted at $17 to $20 per share.
Consequently, First Solar, Inc. (NASDAQ:FSLR) remains a key player in the renewable energy transition due to its innovative solar technology, firm market positions, and growing manufacturing footprint, which makes it a strong option among the Best Clean Energy Stocks.
4. Talen Energy Corporation (NASDAQ:TLN)
Number of Hedge Funds Holders: 77
Talen Energy Corporation (NASDAQ:TLN), a stand-alone power producer and infrastructure company, sells and generates electricity across the United States. Talen Energy has a broad portfolio consisting of solar, fossil, nuclear, and coal power plants and is expanding its battery storage initiatives to solidify its clean energy transition
Talen Energy Corporation (NASDAQ:TLN) reported $770 million in adjusted EBITDA and $283 million in adjusted free cash flow, demonstrating strong operational performance for the fiscal year ended December 31, 2024. The Susquehanna nuclear facility accounted for half of the total 36 terawatt hours of power generated. The company took advantage of rising dispatch opportunities for its gas-fired fleet during increasing energy demand in the Pennsylvania-New Jersey-Maryland Interconnection (PJM) market.
Moreover, Talen Energy Corporation (NASDAQ:TLN) is vigorously collaborating with AWS to power a 960 MW data center campus at its Susquehanna nuclear plant. Of the total capacity, 300 MW is being developed under a Power Purchase Agreement (PPA) and the company is working through regulatory processes to further scale the project. The operations of its Brandywine and Wagner plants are extended till 2029, generating $145 million annually starting June 2025, as Talen acquired a Reliability Must Run (RMR) agreement in Maryland.
Furthermore, by repurchasing 13 million shares in 2024 (approximately 22% of its outstanding stock) and returning $2 billion in capital, the company remains dedicated to shareholder returns. Talen Energy Corporation (NASDAQ:TLN) ensures balance sheet flexibility and has $1.2 billion in liquidity to facilitate future growth, with a net leverage ratio of 2.4x.
Thus, Talen Energy Corporation (NASDAQ:TLN) maintains its position as one of the best clean energy stocks and remains a prominent player in the evolving energy landscape with reaffirmed 2025 EBITDA guidance of up to $1.175 billion.
3. Constellation Energy Corporation (NASDAQ:CEG)
Number of Hedge Funds Holders: 85
Constellation Energy Corporation (NASDAQ:CEG), a prominent producer of emissions-free energy, provides nuclear, hydro, wind, natural gas, and solar power across the U.S. The company is at the front line of the clean energy transition with a generating capacity of 31,676 megawatts. Its position among the best clean energy stocks is strengthened by its robust financial growth and strategic investments.
Constellation Energy Corporation (NASDAQ:CEG) reported GAAP net income of $11.89 per share and adjusted operating earnings of $8.67 per share, surpassing the upper end of its revised forecast, demonstrating robust financial performances in 2024. Backed by investments in wind, nuclear, hydroelectric power, and solar, the company reaffirmed its 2025 earnings guidance range of $8.90 to $9.60 per share. Constellation Energy Corporation (NASDAQ:CEG) continues to broaden its clean energy portfolio, maintaining its position as a top player in the clean energy sector.
Moreover, in 2024, Constellation Energy Corporation (NASDAQ:CEG) took a major step with its agreement to take over Calpine Corporation, blending Calpine’s natural gas assets with its emissions-free generation. This deal is projected to improve grid reliability and position the company as a prominent provider of sustainable energy solutions. The company is placed as the leading player in the best clean energy stocks, as the acquisition will solidify the company’s ability to meet rising demand.
By restarting the Three Mile Island Unit 1 under the Crane Clean Energy Center initiative, Constellation Energy Corporation (NASDAQ:CEG) strengthened its dedication to alternative energy. The project will revive 835 megawatts of carbon-free power to Pennsylvania’s grid ahead of schedule. The restart is anticipated to generate 3,400 jobs and contribute $16 billion to the state’s economy. This solidifies Constellation Energy’s leadership in nuclear energy, a core component of the clean energy transition.
Consequently, Constellation Energy Corporation (NASDAQ:CEG) ranks No.1 for the 11th consecutive year, as it remains the nation’s largest producer of emissions-free energy. The company continues to lead the clean energy sector with major investments in solar, wind, hydroelectric power, and nuclear, and a strategic expansion plan. Thus, CEG is one of the best clean energy stocks to invest.
2. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Funds Holders: 111
GE Vernova Inc. (NYSE:GEV), an international energy company, offers a variety of products and services for electricity generation, transmission, and storage. The company functions through three segments: Power, Wind, and Electrification. Wind segments focus on onshore and offshore wind turbines, whereas the Power segment centers around gas, hydro, nuclear, and steam technologies. The Electrification segment, on the other hand, facilitates grid solutions, solar, storage, and electrification software.
GE Vernova Inc. (NYSE:GEV) reported record orders of $44.1 billion, a 7% organic growth, as it continues to solidify its position as one of the best clean energy stocks in 2024. With orders increasing by 19% due to rising demand for grid modernization and clean energy solutions, the Electrification segment witnessed strong growth. The wind segments acquired more than 1 gigawatt of U.S. onshore wind repowering orders, highlighting a 76% growth from the year before. To improve its onshore wind manufacturing facilities in New York, North Dakota, and Florida, the company plans to invest approximately $100 million, further solidifying its position in the renewable energy industry.
Furthermore, GE Vernova Inc. (NYSE:GEV) is planning to invest almost $600 million in its U.S. factories over the next 2 years to broaden its energy portfolio, while expecting to generate approximately 1,500 new jobs. This investment is a component of a $9 billion capital expenditure and R&D plan through 2028.
Moreover, in the nuclear sector, to support the development of next-generation small modular reactors and nuclear fuel technology, GE Vernova Inc. (NYSE:GEV) is contributing more than $50 million to its Wilmington, North Carolina facility. To support domestic manufacturing of FLEXINVERTER technology for utility-scale solar and energy storage applications, the company is broadening its Electrification segments with a $10 million investment in Pittsburgh, Pennsylvania.
To support the increasing electricity demands of AI and data centers, GE Vernova Inc. (NYSE:GEV) has also teamed up with NRG Energy Inc. and Kiewit to produce 5 gigawatts of clean energy projects, integrating natural gas and renewable energy. Thus, GE Vernova remains one of the best clean energy stocks for prolonged growth with its robust financial performance and continued investments in clean energy.
1. Vistra Corp. (NYSE:VST)
Number of Hedge Funds Holders: 120
Vistra Corp. (NYSE:VST), a prominent integrated retail electricity and power generation company, continues to diversify its clean energy portfolio while retaining robust financial performance. Vistra Corp. is strategically positioned to meet the increasing demand for sustainable power solutions in the U.S. with a diverse generation capacity of nearly 41,000 megawatts.
Vistra Corp. (NYSE:VST) reported an outstanding adjusted EBITDA of $5.65 billion in 2024, which surpasses the top end of its original guidance. The company’s integrated business model blends competitive retail operation with a broad generation portfolio that includes nuclear, renewable energy, and natural gas, supporting its strong financial performance. The current developments of its clean energy initiative are in line with the growing focus on grid reliability and sustainability.
Moreover, Vistra Corp. made key advancements in solidifying its zero-carbon generation portfolio. The company made progress in several renewable projects, including battery storage and solar facilities, with over 600 megawatts of new capacity in development. Vistra Corp. (NYSE:VST) is assessing potential nuclear fleet upgrades that could grow capacity by nearly 10% over the next 10 years. The company’s role in the transition to cleaner energy sources is strengthened by these strategic investments.
In addition, Vistra Corp. declared a quarterly dividend of $0.22 per share with an approximate aggregate payment of $75 million that is to be paid by the end of March. The board also announces a bi-annual dividend of $40.00 per preferred share on its 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. Thus, Vistra Corp.’s (NYSE:VST) robust financial foundation and rigorous capital allocation strategy are reflected through these shareholder returns.
Vistra Corp. (NYSE:VST) remains strongly positioned to utilize the rising demand for renewable power as it continues to broaden its clean energy footprint. The company outshines as one of the Best Clean Energy Stocks for investors seeking opportunities in the evolving energy landscape with its dedication to sustainability and innovation.
Overall, Vistra Corp. (NYSE:VST) ranks first on our list of the Best Alternative Energy Stocks to Buy Now. While we acknowledge the potential of VST, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VST but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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