It’s no secret that renewable energy stocks have been popular even before Joe Biden became president. But unlike other parts of the renewable sector, offshore wind turbines remain undervalued.
But that just changed this this week when the President embraced the promise of offshore wind power.
In an announcement Biden said his goal for offshore wind is to see hundreds of turbines installed by 2030, enough to produce 30,000 megawatts, or enough to power 10 million homes. Biden’s proposal aims to support the effort with $3 billion in federal offshore wind loan guarantees and big upgrades to coastal ports. The White House figures the resulting offshore boom could support 44,000 union jobs.
In this week’s free report, Stocks That Can Benefit From An Offshore Wind Power Boom, Forbes Senior Editor Christopher Helman shares top renewable stocks poised to soar should Biden’s historic infrastructure plan pass.
With costs for wind power dropping significantly, plus massive investments from the current administration, this segment is widely expected to surge in the years to come. Get the names of the top stocks positioned to benefit in the coming upswing.