When investment guru Warren Buffett speaks, the world listens.
Buffett said that with government help, renewable energy may threaten the businesses of traditional utilities, investors should take notice. Following Buffett's predictions has been a proven path to reliable investment gains.
With Buffett putting his money where his mouth is, we think investors should follow suit. Here are three undervalued renewable energy plays that could make your portfolio shine in the years to come. These stocks should be a part of your long-term wealth building plan.
1. Pattern Energy Group (PEGI)
Analysts expect the stock to make significant gains in the next year, however. Their median 12-month price target for the stock is $25.50, which is 36% higher than recent levels.
2. Canadian Solar (CSIQ)
Over the next five years, analysts expect annual earnings growth for the company of 20%, vs. 9.3% for the industry and 5.3% for the S&P 500.
3. Hannon Armstrong Sustainable Infrastructure Capital (HASI)
Analysts are bullish on the company. They expect average annual earnings growth of 11.4% over the next five years. This figure comfortably beats expected growth of 9.9% for the industry and 5.3% for the S&P 500.
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