2 No-Brainer Energy Stocks to Buy to Cash in on the Coming Power Surge

The U.S. power sector is at an inflection point. After barely growing over the last 20 years, electricity demand in the country is on track to surge over the next two decades. That should power explosive growth in renewable energy. Few companies are in a better position to capitalize on the expected surge in U.S. power demand than NextEra Energy (NYSE: NEE) and Brookfield Renewable (NYSE: BEPC)(NYSE: BEP). That makes them no-brainer stocks to buy to cash in on the resurgence in the U.S. power sectors. Electricity demand in the U.S. has meandered higher over the past two decades, growing 9% from 2000 to 2020 to 3.8 terawatt hours (TWh). According to a recent forecast from IHS, power demand in the country will increase by an astounding 2.1 TWh, or 55%, by 2040. Several catalysts will power that surge, including the electrification of the transportation sector, onshoring of manufacturing, and increased digitalization, including the rise of power-hungry AI data centers. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool