Published on 27 Mar 2024 on Insider Monkey via Yahoo Finance

12 Most Undervalued Renewable Energy Stocks To Buy According To Analysts

In this article, we discuss the 12 most undervalued renewable energy stocks to buy according to analysts. To skip the detailed analysis of the renewable energy industry, go directly to the 5 Most Undervalued Renewable Energy Stocks To Buy According To Analysts.

Although renewable energy has been a trending topic for the last few years, the industry still has a long way to go. At the COP 28 conference in December 2023, it was recognized that global greenhouse gas emissions need to be cut down by 43% by 2030, compared to 2019 levels, if we are to keep global warming below 1.5°C. 

While 2022 was the year of fossil fuels due to the Russia-Ukraine war, the industry didn’t perform well the next year. Oil and gas prices normalized during 2023, and the super majors’ profits took a tumble. The energy sector saw investments worth $2.8 trillion, and 60% of the investments were directed toward renewable energy in 2023. For the oil and gas sector analysis, you can go to 13 Oil Stocks with Biggest Upside.