Soaring demand and attractive, long-term government incentives and funding create solid tailwinds for the renewable energy industry this year and beyond. Rising demand is driven by an increasing need worldwide to transition to renewable energy to address climate change concerns and volatile fossil fuel prices.
Given the industry’s bright prospects, it could be wise to buy fundamentally sound renewable energy stocks Alliance Resource Partners, L.P. (ARLP), Steel Partners Holdings L.P. (SPLP), and Westlake Chemical Partners LP (WLKP), which have been gaining significant institutional investment traction lately.
