2020 elections are drawing near…
Presidential debates are in full swing, and everybody is curious to see if the Democrats can beat Trump this time around.
For the longest time, I was convinced that was not going to happen.
The economy is doing great, unemployment is low, and we have the Phase One trade deal with China.
However, lately, my opinion has changed.
With the president facing impeachment, the chances of a Democrat winning the election increased substantially.
Which means that the outlook for the future shifted dramatically.
A left-leaning administration would likely reverse most of Donald Trump’s policies and impose new ones.
What those would look like depends on the candidate, but one thing common to all is the so-called Green New Deal.
Simply put, this would be a plan to curb fossil fuels and spend more on clean energy sources.
Naturally, if you’re an oil or coal company, that’s a grim prospect.
For green energy producers, on the other hand, a Democrat in office would be a boon.
But what many don’t realize is that the trend to go green is already well underway.
In 2020, 76% of all new electricity generated in the United States will come from wind and solar.
That’s an astounding statistic… and it’s happening under a Republican president.
Investing in disruptive technologies is always an exciting prospect, which is why I’ve been bullish on green energy stocks for some time.
And, with the Democrats promoting the idea across the nation, I’ve become even more so.
If you’re a long-term investor, I think you should be, too.
Here are three green stocks worth adding to your portfolio right now.
Green Stock #1: Orsted A/S (OTC: DOGEF)
Orsted might not be a U.S. company, but it’s one of the largest in the world when it comes to green energy.
It has 16 wind farms in the United States, 15 in the United Kingdom, 5 in Denmark, 5 in Germany, 4 in Taiwan, and 1 in the Netherlands.
Moreover, the company operates 3 solar and battery storage centers and 10 bioenergy power plants.
With such a diverse portfolio, Orsted is the quintessential green stock to hold.
Green Stock #2: First Solar Inc (NASDAQ: FSLR)
Another attractive green stock is First Solar.
The company produces photovoltaic solar modules and constructs utility-scale solar systems.
It has operations on five continents, but its largest market remains the United States.
What I like most about First Solar is that it has production lines in Malaysia, Vietnam, and Ohio. As a result, it was largely able to avoid the detrimental China tariffs targeting solar producers and can persevere if the trade war situation re-escalates.
Green Stock #3: Ormat Technologies (NYSE: ORA)
When investing in new industries, it’s always smart to diversify across different solutions, which is why I also include Ormat Technologies on my best green stocks list.
This company has nothing to do with solar or wind but instead uses geothermal energy to produce electricity.
While this industry is still quite small compared with wind and solar, it has immense potential.
Unlike other green power sources, geothermal energy can also be used to heat and even cool buildings via heat pumps.
Ormat is one of the market leaders in this field, operating facilities on all six continents, with the United States representing nearly two-thirds of its capacity.
Moreover, the company generates about 30% of its revenues from manufacturing geothermal equipment.