The energy industry can be a tough place to invest. Whether it's the unpredictable swings in oil and natural gas prices, the cyclical nature of solar and wind project development, or the uncertainty around interest rates, which impact spending across the entire sector, there are a lot of factors investors should consider before buying into an energy stock.
Moreover, it can take a lot of patience -- and sometimes the willingness to ride out an ugly downturn -- to profit from the opportunities in the sector. Most importantly, if you want stocks that can deliver solid returns, you need to focus on the best companies -- those with durable competitive advantages, strong balance sheets, and management teams with the chops to deliver.
If you're looking for the best energy investments right now, here are three that look particularly compelling: oil reservoir data specialist Core Laboratories (NYSE: CLB), leading solar panel maker First Solar (NASDAQ: FSLR), and solar and wind power producer Pattern Energy (NASDAQ: PEGI).
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Source: Motley Fool
(September 7, 2019 - 7:32 AM EDT)
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