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Top Renewable Elect Stocks To Buy In 2022

Originally published on Best Stocks

Category: best stocks to buy now

The energy sector is one of the most dynamic and complex industries to invest in. While it’s been slow going for renewable energy, we expect things to heat up moving forward. In fact, according to a report by Global New Energy Market, the global renewable energy market is expected to grow from $222 billion in 2017 to $332 billion by 2021. The biggest drivers behind this growth are government subsidies and mandates, technological innovation, and an increased focus on environmental sustainability and climate change mitigation measures. In this article, we’ll take you through some of the top renewable energy stocks right now and highlight why these companies are so well-positioned for success in 2022 and beyond.

NextEra Energy Partners LP (NEP)

NextEra Energy Partners LP is a clean energy company focusing on generating and distributing clean energy, natural gas, and electric services in the US and Canada. The company is expected to see strong growth in its Renewable segment, driven by wind and solar power markets. NextEra Energy Partners expects its Renewable segment’s annual cash flow to reach $2.5 billion by 2024, up from $1.5 billion in 2018. This growth is expected to come from an increase in the company’s renewable energy operating capacity in the US and Canada. This is due to the expiration of certain tax credits, resulting in several new renewable energy projects. In addition, NextEra Energy Partners expects its majority-owned subsidiary, Florida Power & Light (FPL), to invest $12 billion in the state’s new solar and wind projects. Rising demand for renewable energy sources and increasing government subsidies are expected to drive growth for the Renewable segment.

Rackspace Technology (RTX)

Rackspace Technology is a leading managed cloud company that offers infrastructure, application, and security services through its Open Cloud architecture. The company’s core strengths lie in its brand-name recognition, competitive advantages, and diversified revenue sources. Rackspace’s Open Cloud architecture uses a hybrid approach that includes managed public and on-premise private cloud solutions. This allows the company to provide customized cloud solutions to its customers. Rackspace’s focus on developing differentiated products is helping it to maintain a competitive edge in the cloud computing space. The company has also expanded its customer base by partnering with companies like Salesforce, AWS, and Microsoft. Rising demand for cloud computing solutions, especially in the BFSI and healthcare sectors, is expected to drive growth for Rackspace’s revenue.

Squarespace (SQSP)

Squarespace is a digital platform for all things publishing and marketing. From creating a website or online store to managing your social media or email marketing campaigns, Squarespace has you covered. The company’s revenue is generated from three primary sources: subscription, transaction, and marketing services. Squarespace’s revenue has been growing steadily over the past few years, driven by rising demand for digital products, increasing customer retention rates, and increasing the number of subscription plans offered. In addition, Squarespace has partnered with other companies to expand its product offerings and reach new customers. For example, Squarespace partnered with Google to offer website builders to Google’s customers. These partnerships are expected to drive up Squarespace’s customer base and revenue over the next few years.

Confluent (CFLT)

Confluent is an open-source software company that powers data-driven applications. The company’s core product, Kafka, is an open-source streaming platform used to build real-time applications. Confluent also offers an enterprise version of Kafka called Confluent Enterprise. Enterprises across various industries use the company’s products, including financial services, the internet, and media and entertainment. Confluent’s products are used to process large amounts of data in real-time, and the company has been seeing significant traction with its Confluent Enterprise product. For example, Confluent partnered with Capital One to help the company manage its customer data. Confluent’s growing customer base and expanding product portfolio are expected to drive growth for the company’s revenue over the next few years.


As the world becomes more environmentally conscious, we expect renewable energy to become an increasingly important part of the energy ecosystem. While there are plenty of renewable energy companies out there, these are the ones we believe are the best bets for 2022 and beyond. We hope you found this article helpful and that it encourages you to think about renewable energy in a new way.

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