From year to year, demand for coal has dropped by about 5%, and for oil it has remained steady. Both the intense freeze in Texas and the waves in South Asia limited the production capacity of electricity. A standoff between Saudi Arabia and Russia, the world’s two largest oil producers, led to an equally dramatic drop in prices. Perhaps the most important trend in the sector to consider is renewable energy. Plug Power Inc. aims to reach billion in two years’ Tesla broke records for energy storage system sales in the third quarter of 2020. Other company’s solar energy sales also went up by 18% in 2020. Brookfield Renewable has forecasted 23 gigawatts of solar, wind, and bio-renewable fuel power projects over the next few years. They’re hopeful about the success of new and innovative companies like Plug Power.
Insider Monkey highlights the list of 10 best energy stocks for 2021. The Chevron Corporation is headquartered in San Ramon, California. Chevron is in our list of next-10 year’s best energy stocks. It has taken a global dip, but is now on the way up. ConocoPhillips is a majorly deals in fossil fuels. It ranks 9th on our list of next-top year’s 10 best energy stocks. More than 17 countries, such as Norway, Canada, and Australia. The company is based in Calgary. The organization is renowned for its oil-sands production. It ranks eighth in our list of top 10. NextEra Energy is an American-based energy company that was established in 1984. It is on our list of next year’s 10 best-performing energy stocks. NextEra has contracted with OPAL to develop a renewable natural gas facility. BP is a global oil and gas company based in London. It ranks sixth on our list of investment opportunities for the next ten years. The firm markets green gas, green biofuels, and solar decarbonization. Read more in the article 10 Best Energy Stocks for 2021.
