Sunnova Energy – A Residential Solar Stock

July 16. 2019. 5 mins read

When the world’s largest producer of renewable energy is also the world’s largest electric utility company, you know that renewable energy is now economically viable. In places where electricity is expensive to produce, moving to renewable energy is a no-brainer. During our recent trip to some Pacific Island countries, we talked to a New Zealand solar installer that’s literally turning off the diesel generators after completing large-scale solar installations in Pacific Island countries like Micronesia. According to Lazard, wind energy is now one of the cheapest ways to generate electricity.

In these examples, investing in “sustainability” makes sense because it generates profits. In order to change the system, you have to beat it. Subsidizing the world’s problems is certainly not sustainable, but solving them and making a profit, that’s sustainable. However, not all renewable energy investments have fared well over time. If you invested in the largest solar ETF, Invesco Solar ETF (TAN), exactly five years ago before all the growth in solar, then you made

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