5 best renewable energy stocks to buy in the final quarter of 2021

Highlights

• Green investments have become a hot topic due to climate change concerns.
• Green stocks are generally growth stocks with huge potential as the world is transitioning towards renewable energy.

Green investments are a hot topic in the world at present for most countries and companies due to climate change and related environment-focused events. Green and renewable energy stocks have the potential to deliver significantly huge returns for investors as the fight for a cleaner and safer future continues across the world. 

The transition towards net zero has prompted companies from all across the globe to pump in trillions of dollars in renewable energy businesses, hoping that the falling costs due to economies of scale and the extension of governmental support will drive the growth of renewable energy.

Green stocks are usually growth stocks due to their tremendous potential of growth with several developed as well as developing countries planning to go green in the coming years. These stocks are thus pivotal for securing a green future and promoting the use of green and clean energy sources.

RELATED READ: Climate Meet Before COP26: 5 FTSE Green Energy Stocks To Buy

Let’s take a look at some of the top renewable energy stocks that your can buy in the final quarter of 2021.

Greencoat UK Wind PLC (LON: UKW)

Greencoat UK Wind PLC’s current market capitalisation stands at £2,710.93 million. It has given a return of 1.73% in 1 year.  The previous close price of Greencoat UK Wind PLC’s shares was GBX 137.20 as of 14 October 2021.

Gore Street Energy Storage Fund PLC (LON: GSF)

UK-based Gore Street Energy Storage Fund PLC invests in facilitation of renewable growth and invests in assets in the UK and other countries. Its current market capitalisation stands at £391.62 million.  It has given a return of 6.82% in 1 year. The previous close price of Gore Street Energy Storage Fund PLC’s shares was GBX 113.50 as of 14 October 2021.

RELATED READ: What Are The Top Renewable Energy Shares On LSE?

AFC Energy plc (LON: AFC)

AFC Energy plc gives hydrogen fuel cell power solutions which helps in generation of clean energy. Its current market cap stands at £369.45 million, and it has a green economy mark on the LSE. It has given a return of 175.16% in 1 year. The previous close price of AFC Energy PLC’s shares was GBX 50.30 as of 14 October 2021.

Ceres Power Holdings plc (LON: CWR)

Ceres Power Holdings plc develops low cost, next generation solid oxide fuel cell (SOFC) technology. It has a green economy mark on the LSE and its market cap at present stands at £2,115.30 million. It has given a return of 55.68% in 1 year. The previous close price of Ceres Power Holdings PLC’s shares was GBX 1,110.00 as of 14 October 2021.

ITM Power Plc (LON: ITM)

ITM Power Plc manufactures hydro energy solutions based on Proton Exchange Membrane (PEM) technology to boost the use of renewable energy. It has a green economy mark on the LSE and its market cap at present stands at £2,614.52 million. It has given a return of 62.96% in 1 year. The previous close price of ITM Power Plc’s shares was GBX 474.80 as of 14 October 2021.

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