THIS is the third of four articles on clean energy.
NextEra Energy (NEE):
• NextEra Energy is the world’s largest utility company.
• The company is the world’s largest generator of wind and solar renewable power.
• It offers the best of both worlds: a secure dividend and industry-leading renewable energy growth.
• It enjoys service-territory monopolies and efficient scale advantages.
• It has already secured some of the most desirable wind and solar generation sites in the country,
• It has purchase power agreements of at least 20 years with “escalator” clauses to protect returns.
Plug Power (PLUG):
• Plug Power manufactures fuel cell systems used in electric lift trucks and other equipment.
• The company serves customers in retail, grocery, manufacturing, and food distribution worldwide.
• It’s partnering with a hydrogen-powered heavy vehicle maker in France to produce a new suite of vehicles for sale in 2021.
• Hydrogen power is increasingly being used in Western Europe to reduce carbon emissions.
• Plug forecasts that global hydrogen economy can grow to $2.5 trillion by 2050.
Sunrun (RUN):
• Sunrun is the nation’s largest residential solar company.
• It became even bigger when it acquired its rival Vivint Solar.
• The acquisition creates a rooftop solar giant that provides 75% of new residential solar leases.
• Sunrun is the industry’s largest player with scale advantages and leadership on grid services.
• But exercise caution in buying this stock that jumped more than 900% over the past three years.
• Twelve analysts rate Sunrun a buy.
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Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV – Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation in Pasadena, California.
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He has 50 years of experience in defending taxpayers audited by the IRS, FTB, EDD, BOE and other governmental agencies. He is publishing a book on his expertise – “HOW TO AVOID OR SURVIVE IRS AUDITS.” Our readers may inquire about the book or email tax questions at [email protected].