When you think about energy stocks, what comes to mind? Maybe you think of solar power stocks or possibly oil and gas stocks. Other investors may even be looking for the next battery stock to watch that harnesses something like lithium-ion technology to power a car. There are many opportunities for investors looking to buy energy stocks especially in the dawn of the electric vehicle.
Today we see many ways investors look to buy shares of companies that better our environment. In the case of solar technology stocks, investors may be looking to buy stocks that focus on evolving the solar panel. This means they want to find companies that will take what is already in place and make it better. Elon Musk has helped to achieve this by taking a solar panel and making it blend in with today’s modern roofing, for example. Other solar stocks are looking to take windows and turn them into solar paneling.
When it comes to electric vehicles, energy stocks are plentiful. Some of these energy stocks to buy are focusing on turning raw materials like cobalt and lithium into a usable form like a lithium-ion battery. Other energy companies are looking to power entire states and even entire countries. Mother Nature has a lot to say when it comes to the case of power companies. Natural disasters like forest fires, floods, and hurricanes play a significant role in many energy stocks.
Colder winters or warmer summers can impact energy stocks like natural gas. Forest fires can affect service to areas hit hardest by a disaster, which can result in negative sentiment for some energy stocks. In 2018, the California fires were thought to have been started by a faulty product from one energy company, and the result in the market was a strong bear trend for the stock. In other cases, a breakthrough in technology has helped boost some energy stocks that focus on the future of power supply.
Some of the best energy stocks to buy in 2019 are ones that have a healthy balance sheet and several that pay handsome dividends. As investors, it is essential to look at all aspects of a given energy stock especially if you want to invest in energy stocks for the long term. Keeping in mind all of the risks is vital to the success of an energy stock investment.
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