3 Renewable Energy Stocks You Can Buy Now – Canadian Solar!

1-Canadian Solar

Solar power plants produced 18 gigawatts in 2010, while (GW) increased to 141 GW in 2020, according to a report published by Bloomberg New Energy Finance. It is expected to grow to 210 GW in the next three years. Canadian Solar is one of the largest manufacturers of solar panels. And it has produced more than 10 percent of all solar panels in the world. Producing solar panels was a complicated business ten years ago, but under the current circumstances, we think businesses interested in this business can be profitable.

Canadian Solar is one of the leading companies in the market!

Margins and net income can be volatile depending on demand and raw material costs. Even after hitting margins over the past two quarters, Canadian Solar has now proven to be the scale and market share that will be profitable in the long run. For investors looking for bargain shares, the shares are traded with only 18x earnings, and if margins rise as expected in 2021, this price has the potential to fall. This could be a reason of choice in the solar industry and a real bargain transaction.   3 Renewable Energy Stocks You Can Buy Now – Canadian Solar! Source: https://www.fool.com/ You may also be interested in:

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