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Tuesday, February 9, 2021

Wind stocks to buy in 2021

Northland Power Inc.: Northland Power is a Canada-based diversified energy company with assets in wind, natural gas, and solar. For Q3 2020, Northland Power reported a 24.4% year-over-year (YOY) increase in sales and a 1.5% YOY decline in net income. Although the COVID-19 pandemic continued to suppress renewable power demand, Northland closed the acquisition of three onshore wind development projects in New York State during the quarter.3 General Electric Co.: General Electric is a global diversified technology and financial services company. GE provides power generation, household appliances, aircraft engines, water processing, financing, and industrial products. NextEra Energy Inc.: NextEra is an electric power and energy infrastructure company that generates electricity through wind, solar, and natural gas. Through its subsidiaries, the company also operates multiple commercial nuclear power units. In November, the company announced agreements to sell interests in a long-term contracted renewables portfolio for approximately $1.3 billion to investors including KKR & Co. Inc. (KKR).4

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