The top 4 Best electric utility stocks to buy in 2021!
The demand for energy has been increasing day by day, and many investors have invested their money right into different energy stocks. The simple thing is, almost everything runs on electricity and even the new inventions require electricity in order to operate. So isn’t it a good idea to invest your money in something that has a very bright future? Well, it definitely is! We do not really know how much the electricity companies will grow in the future. But the thing we know is that they have got quite a massive potential!
That is why I am here with the top 4 energy stocks that have the potential to grow and give you massive returns. So take a brief look at all of them and see which one would fit your investment.
The best 4 electric utility stocks to buy in 2021 for good returns!
Following are the five electric utility stocks you can consider buying for good returns!
Boralex Inc.
Boralex is unquestionably one of the best electric companies to invest your money in. The reason why Boralex utility stocks have massive potential to grow in the future is that they focus quite a lot on renewable energy. This energy provider uses wind power, hydropower, and solar energy in order to produce energy and then deliver it to the whole country. Boralex is also not only limited to Canada but is also based in France and the US. The total market cap of Boralex as of 2021 was 4 Billion, and it is increasing every day due to the demand and supply.
TransAlta Inc.
TransAlta is another renewable energy-focused company offering electric services in Canada, US, and Australia. TransAlta has had massive growth in the past year as their renewable stock offered a gain of more than 35% to the investors. Not only that, but the net earnings of the company also crossed 50 million Canadian Dollars in the actual first quarter of 2021, which is massively more than their earnings in their previous quarter.
Fortis Inc.
If you are looking for a top-performing company that grew exponentially, then Fortis should be on your list of investments. Fortis has a market cap of over C$25 billion, and it has a trading volume of over C$ 1.5 million stocks in a month.
Algonquin Power and Utilities
Algonquin Power and Utilities do not serve customers in Canada only, but they also serve customers from the US. Besides that, Algonquin Power and Utilities generates natural gas, water, and electricity too and offers it to more than 800,000 customers in both countries. Algonquin Power and Utilities have higher growth expectations due to its expansion and exposure to more and more investors. If you also take a look at the growth chart of Algonquin Power and Utilities, you will find it doubled or even tripled its stock price within a few years.
Conclusion
Now you have to do your research and see which energy stock is the best fit for your investment. It is better to consider all the possibilities and see if your investment would be worth it or not in the end.