The Best Energy Stock to Invest $1,000 in Right Now

The world will need a tremendous amount of electricity over the coming years. From the electrification of the transportation sector to the emergence of artificial intelligence (AI), power demand is on track to grow exponentially in the next decade. Forecasters expect data center power demand alone to grow 15-fold by 2030, rising from 2% of global consumption to almost 10% (and up to 20% of total U.S. power demand). Given the climate goals of global technology companies, renewable energy will play a pivotal role in powering AI data centers. That bodes well for Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), one of the few companies on a global scale to meet their capacity needs. That makes it the best energy stock to buy right now.Brookfield Renewable is a global leader in clean energy. It currently has 37 gigawatts (GW) of capacity across several key markets. It sells the power its hydro, wind, and solar facilities produce under long-term, fixed-rate power purchase agreements (PPAs) to utilities and large corporate buyers. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool