The future of solar is bright and governments across the world are trying their best to achieve their goal to transition towards a carbon-free electric grid. This is spelling big things for solar stocks. While it is easier said than done, we have seen tremendous progress this year and I believe this momentum is set to continue throughout 2024. As per a report from the World Economic Forum, the demand for solar energy is set to increase nine times by 2030.
Solar companies rely on debt financing and they have been under pressure in the past few months. While some solar stocks have dropped more than others, this can be seen as an opportunity to buy as it could lead to massive gains. The solar energy sector is hot and some stocks have already hit new highs but a pullback from these highs means it is time to make your move. The long-term outlook for such stocks is positive and there is immense upside potential for these stocks. Let’s take a look at the three solar energy stocks to buy for massive gains in the long term.
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