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It’s not easy to identify which stocks could be the top performers in 2024. The renewable energy sector is expected to experience significant growth in 2024, caused by the transition to “clean energy sources” and increasing governmental support. Several renewable energy stocks are expected to yield attractive returns for investors in 2024 and beyond. Here are some of the top contenders:

Brookfield Renewable (BEP.UN): A global leader with a diversified portfolio of hydroelectric, wind, solar, and storage assets, well-positioned for the clean energy push.
Enphase Energy (ENPH): Leading in microinverter technology for solar panels, set for growth as the solar energy market expands.
First Solar (FSLR): A top manufacturer of thin-film solar modules, known for flexibility and cost-effectiveness in various applications.
NextEra Energy (NEE): A major utility company with a growing renewable energy portfolio, specializing in wind, solar, and emerging technologies.
Vestas Wind Systems (VWSRY): Global leader in wind turbine manufacturing, poised to benefit from increasing demand for wind energy.
Siemens Gamesa Renewable Energy (SGRE): Another prominent player in wind turbine manufacturing, particularly strong in offshore wind.
Orsted (ORSTED): Danish energy company, the world’s largest developer, owner, and operator of offshore wind farms.
Iberdrola (IBE): Spanish energy company, a major producer of wind and solar energy globally, investing in green hydrogen.
Enel Green Power (EGP): A subsidiary of Enel, a leading global renewable energy company with diverse assets in hydroelectric, wind, solar, and geothermal.
Canadian Solar (CSIQ): A leading solar panel manufacturer, known for innovation and well-positioned in the growing solar energy market.

While these stocks show promise, thorough research is crucial for any investment decisions.