The idea of renewal energy has been regarded as farfetched not so long ago. Proof that harnessing energy from nature without compromising the well-being of the environment, however, has been existent for a considerable amount of time as wind energy, solar energy, and first-generation biofuels for blend-stock applications are actively competing with incumbents in their respective markets in the recent years. An improvement to this is expected to be seen as the decade passes. More time may be necessary in order for them to occupy a significant share in the market, but development in the technology of wind turbines, rooftop solar, and efficient fuel production is seen to most likely push the use of fossil fuels to the curb over time.

Investments serve as security for the future, and seeing growing trends in greener companies, they are being rendered good stocks. Here are some picks of companies to eye on:

Brookfield Renewable Energy Partners (NYSE:BEP) is amongst the big names in the power businesses internationally, with its 223 power-generating facilities across five countries. As of the moment, a huge bulk; 85% to be exact, of its power-generating capacity comes from hydro. The remaining 15% comes from its wind farms. Their properties come with long-term contracts that generate enormous amounts of free cash flow. Brookfield Renewable Energy Partners (NYSE:BEP) then sends them back to investors through its quite generous distribution quarterly. The company currently yields below 5%. Plans to grow the payout by 5% to 9% annually is there, however.

 

Thanks to its parent Brookfield Asset Management (NYSE:BAM), Brookfield Renewable Energy Partners (NYSE:BEP) has more than a century of power generation know-how under its hat.

Renewable Energy Group (NASDAQ:REGI) had $128.6 million in cash, over $1 billion in total assets, and an okay book value just above of $16 per share, compared to current share prices below $10, by the end of the third quarter. Amidst a challenging market set up, the leading biodiesel producer is still profitable as they have also now branched into renewable energy production, ultra-low sulfur heating oil’s distribution energy services, and development of an industrial biotech platform that has the ability to look into several valuable renewable chemical niches.

Renewable Energy Group (NASDAQ:REGI)’s growth is expected to continue next year as their production expand. If the Environmental Protection Agency (EPA) will have the company’s Blender’s Tax Credit for 2014 reinstated retroactively next year, Renewable Energy (NASDAQ:REGI) will be able to collect tens of millions of dollars of deferred profits from this year.

Another name to add to the book that has a promising potential is SunPower (NASDAQ:SPWR). They create the most efficient solar panels there are.

An increase in their reported income is highly probable as the company still has projects that are under contract. Moreover, SunPower (NASDAQ:SPWR) is tripling their manufacturing capacity over the next five years. Obviously, this is a growth marker, and the firm being an international company – which in itself already reduces risks for investors – SunPower (NASDAQ:SPWR) is definitely a sell.

 

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