One of the most compelling, new renewable options in the US is geothermal power.

This has been widely used on smaller scales around the globe = take for example Iceland, which sits on the Mid-Atlantic Ridge – where two tectonic plates come together. The country is completely run on geothermal power.

In larger nations, scaling that energy and being able to efficiently store, ship, and distribute it are the challenges.

Small and focused stocks: Ormat (ORA), Clearway Energy (CWEN), Fervo Energy (FRVO)

Large and diversified stocks: Baker Hughes (BKR), GE Vernova (GEV)

Solar has been growing on both the industrial side, as well as the consumer side.

Certainly, the conflict in the Persian Gulf has renewed interest in alternatives to oil for as many products as possible, starting with power generation and vehicles.

In China, which is highly dependent on imported oil, this will drive the nation even more deeply into solutions for energy independence and away from oil and natural gas.

In the US, AI data centers will be the big driver for ways to independently and efficiently power data centers to avoid a consumer-driven backlash as energy prices rise for consumers.

Top stocks: SunPower (SPWR), Brookfield Renewable (BEPC), First Solar (FSLR), JinkoSolar (JKS)

Wind energy has greater attraction than solar for many locations because it’s more flexible (it can be built on land or at sea) and it’s more consistent (the wind blows 24/7).

As you can see from the chart above, it’s getting a lot more interest as the turbines and sizes are more adaptable to local and regional needs.

Also, uploading wind to the grid is well established in most countries and can form a baseline of energy production to tame the volatility of fossil fuel energy generation.

Top stocks: NextEra Energy (NEE), Brookfield Renewable (BEPC), GE Vernova (GEV), Clearway Energy (CWEN), XPLR Infrastructure (XIFR)