Two Energy Stocks for 2021
Energy was the worst-performing sector of 2020, but began to show life at the end of the year. As the cycle is concerned, energy is due to come back. But not just oil and gas. Cleantech is back in a big way. And with a new and supportive presidential administration, clean and renewable energy — including solar, wind, and nuclear — are going to get a bump.
Two energy stocks for 2021 are:
Exxon Mobil (NYSE: XOM) — It’s the go-to, despite now being the second-largest weighting in the S&P Energy Index behind Chevron. Exxon looks better fundamentally. It is profitable. And it is yielding nearly 8%.
First Solar (NASDAQ: FSLR) — Going outside the S&P index here to harness some of the cleantech trend. First Solar has been a leader in thin film for a decade. It reported a quarter of 400%+ net income growth in Q3 2020, and with support coming from a Biden administration things are looking even better for 2021.
Call it like you see it,
Nick Hodge
Editor, Daily Profit Cycle
Nick Hodge is the co-owner and publisher of Daily Profit Cycle and Resource Stock Digest. He's also the founder of Hodge Family Office, the umbrella organization for his three premium services: Hodge Family Office, Family Office Advantage, and Foundational Profits. He specializes in private placements and speculations in early stage ventures, and has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world.
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