11 Best Renewable Energy Stocks To Buy Now

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1. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Investors: 97

Vistra Corp. (NYSE:VST) is a leading integrated retail and power generation company based in Irving, Texas. The company’s operations span from traditional power generation to cutting-edge renewable energy and energy storage technologies. Vistra Corp. (NYSE:VST) operates across power generation, energy retail, and infrastructure services.

Vistra Corp. (NYSE:VST) is conducting a methodical, site-by-site analysis of its coal fleet and is determining the economic feasibility of transitioning these sites to less carbon-intensive generation. The company is making substantial progress on Coal to Solar and Energy Storage initiatives and recently announced new utility-scale solar projects in Illinois to the grid. These projects, including a 68-MW solar facility and a 2-MW/8-MWh energy storage system at the Baldwin Power Plant site, will produce approximately 140,000 MWh of zero-carbon electricity annually over the next 20 years. Vistra Corp. (NYSE:VST) is also constructing a 40-MW utility-scale solar facility that will interconnect at the company’s EEI-Joppa Power Plant through an approximately 8-mile transmission line.

Furthermore, Vistra Corp. (NYSE:VST) is actively expanding its renewable energy portfolio to meet the growing demand for sustainable power solutions while ensuring grid reliability and affordability. The company is constructing a 52-MW solar and 2-MW/8-MWh energy storage facility at the Newton Power Plant is set to begin in 2025.

While we acknowledge the potential of Vistra Corp. (NYSE:VST) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. 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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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