1. NextEra Energy (NEE)

A solar tree of solar panels installed by Florida Power & Light among the palm trees at a park
FPL solar tree at a Hollywood, Fla., park | Felix Mizioznikov / Shutterstock

You might expect to see Tesla in this spot, but Grantham believes the electric vehicle leader’s stock is in a bubble of its own. When the company starts facing stiffer competition, he could wind up being right.

Electrical services provider NextEra Energy could have more long-term upside. The energy provider is the world’s largest producer of power from wind and solar, and it plans to double in size by 2023.

As the company ramps up and spends more on critical new tech ventures like energy storage, it should be able to depend on the revenue generated by its portfolio of utilities, including one of the country’s largest, Florida Power & Light, to maintain its upward momentum. FPL alone contributed $836 million to net income in the third quarter of 2021.

NextEra’s stock has had a bumpy ride this year, but it’s up about 14% since the start of 2021.

Fine wine is a sweet comfort in any situation — and now it can make your investment portfolio a little more comfortable, too. Now a platform called Vinovest helps everyday buyers invest in fine wines — no sommelier certification required.

Invest Now

2. Brookfield Renewable (BEP)

A solar panel field
Nikifor Todorov / Shutterstock

Brookfield Renewable owns and operates an expanding portfolio of solar, wind, hydropower and energy storage facilities across 34 states. The company says it already produces enough electricity to power about 3 million homes annually.

Brookfield has been in the power generating business for more than 120 years. As an experienced partner that can help other companies decarbonize their operations, Brookfield possesses a significant amount of growth potential for such an established entity. According to its Q3 earnings report, the company has more than $3 billion in liquidity to tap into to ensure that growth continues.

Q3 2021 also saw the company bring in $210 million from operations, a 32% increase over the same period last year.

Brookfield’s stock, down 20% this year, hasn’t exactly been killing it lately. But if you believe in the company’s combination of expertise and upside, it might be worth investigating to potentially buy on the dip.

3. Plug Power (PLUG)

A Plug Power hydrogen production facility
Hydrogen production facility | Plug Power

Plug Power is racing to the forefront of the hydrogen fuel cell industry.

Why does that matter for green investors? Hydrogen fuel cells, by powering cars, trucks, and even large facilities like data centers and hospitals, figure to be central in the planet’s pivot away from fossil fuels.

But Plug isn’t just in the fuel cell business. It also produces liquid hydrogen and has projected that it will be the top U.S. producer of sustainable liquid hydrogen by late 2023 or early 2024. As more businesses, homes and vehicles run on hydrogen, Plug could benefit.

Investing in emerging technologies is always a risky venture. Plug’s Q3 revenue was $37 million higher than a year before, but earnings still fell well short of expectations. The company’s stock has shed nearly 17% in the last month in an up-and-down year.

Fine wine is a sweet comfort in any situation — and now it can make your investment portfolio a little more comfortable, too. Now a platform called Vinovest helps everyday buyers invest in fine wines — no sommelier certification required.

Invest Now

Green investing without the threat of a market correction

A red barn next to a corn field
Patricia Elaine Thomas / Shutterstock

Let’s not forget that Grantham recently said that inflation and overvalued stocks could trigger a correction that puts the crash of 1929 to shame.

If he’s right, you might want to protect your portfolio with an asset detached from the market altogether, one that provides multiple revenue streams and hedges against inflation: farmland.

Don’t worry. You don’t need millions of dollars or farming know-how to invest in America’s rapidly appreciating farmland. A popular app helps you purchase shares in U.S. farm operations.

Farmland investments have been much less volatile than the S&P 500 and demonstrated strong annual returns. And demand for food will only grow with the expanding global population.

Get a piece of commercial real estate

Enhance your portfolio with high-return commercial real estate

First National Realty Partners is the #1 option for accredited investors seeking superior risk-adjusted returns in the grocery-anchored necessity-based retail space.

While commercial real estate has always been reserved for a few elite investors, outperforming the S&P 500 over a 25-year period, First National Realty Partners allows you to access institutional-quality commercial real estate investments — without the leg work of finding deals yourself.

Invest with First National Realty Partners now.

About the Author

Clayton Jarvis

Clayton Jarvis

Reporter

Clayton Jarvis is a mortgage reporter at MoneyWise. Prior to joining the MoneyWise team, Clay wrote for and edited a variety of real estate publications, including Canadian Real Estate Wealth, Real Estate Professional, Mortgage Broker News, Canadian Mortgage Professional, and Mortgage Professional America.

What to Read Next

Disclaimer

The content provided on MoneyWise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.