Reported 5 months ago
The article discusses how interest rate increases have impacted the renewable energy industry, causing stock prices to drop and dividend yields to rise. However, with expectations of falling interest rates in the future, top renewable energy producers like NextEra Energy and Clearway Energy are predicted to soar in 2024 and beyond. NextEra Energy is expected to continue growing its earnings and dividends, while Clearway Energy's capital recycling strategy positions it for high dividend growth. The article suggests that these stocks have the potential for strong returns due to the renewable energy sector's growth and declining interest rates.
Source: YAHOO