Best Energy Investment Opportunities for 2023: 10 Stocks Worth Considering 

In recent years, green energy sources have become increasingly popular, pushing investors to become more interested in energy stocks. With environmental issues increasingly gaining relevance in current affairs, energy stocks are becoming an attractive option for investors. From solar energy to electric vehicles and renewable energy, now is the moment to invest in sustainable energy stocks.

In this article, we’ll take a look at some of the best US energy stocks to invest in for 2023. We’ll explore the value of the individual stocks and discuss why investing in them now could pay off in the future. With that said, let’s dive right in and discuss some of the top energy stocks to consider.

American Electric Power (AEP):

American Electric Power (AEP) is the largest energy company in the US and is a publicly traded conglomerate operating in 11 states and specializing in power generation, transmission, and distribution. AEP currently supplies energy to more than 5 million customers and has a market share of over 17%. With decades of experience in the energy industry, AEP is a reliable choice for investors. The company stays up-to-date with the latest trends in the energy field, and its stock price is seen as fairly valued. 

AEP is committed to providing its customers with reliable energy services, environmental friendliness, and sustainable energy solutions. They have undertaken many initiatives to modernize its systems and expand its renewable energy portfolio. AEP recently made a series of environmental investments, such as replacing outdated heating and cooling equipment and investing in energy efficiency projects. Additionally, AEP has adopted significant renewable energy targets, aiming for 20% of its power to be sourced from renewable sources by 2030.

As energy demand increases with population growth, AEP is expected to remain a stable investment over time. 

Chevron Corporation (CVX):

Chevron Corporation (CVX) is an established leader in the oil and gas industry. The company’s operations span the globe, with a strong presence in the US and an expanding portfolio of oil and gas assets in key markets such as the Middle East, South America, and Africa. As well as providing efficient and reliable production, Chevron is also investing in renewable energy projects, such as solar and wind power. This position allows the company to benefit from low-cost energy sources and provide customers with clean, renewable sources of energy. With a focus on sustainability, as well as innovation and profitable activities, Chevron is sure to remain a key player in the energy industry in the future.

General Electric (GE):

General Electric (GE) has developed an impressive and varied portfolio over the years, from locomotives, to wind turbines, to healthcare scanners. But, it is the company’s commitment to renewable energy and the smart grid that has generated the most buzz. GE’s GE Current has become the market leader in artificial intelligence-driven microgrid systems that interact with all aspects of an electricity system: wind turbines, solar, battery storage, and utility grid. Its goal is to provide smart, holistic energy solutions at scale. 

On the consumer side, GE’s new WattStation smart electric vehicle charging station is providing access to electric vehicle charging to everyone, making transportation more eco-friendly. Other technologies, such as its “internet of things” (IoT) platform and its heat pump water heaters are saving energy and money for businesses and homeowners.

GE is also tailoring its smart home energy management technology for the mass market. With the company’s impressive track record and huge potential in the energy sector, GE is an ideal investment for long-term growth. 

NextEra Energy (NEE):

NextEra Energy (NEE) is a major US-based energy company that is investing in renewable energy, energy efficiency, and energy storage products. The company is making huge investments in wind, solar, and storage capacity, all of which are expected to provide a substantial return on investment. Moreover, NextEra has specific initiatives in place to combat climate change and is dedicated to reducing carbon emissions. As renewable energy grows increasingly cheaper and more efficient, NextEra is well poised to be a major player in the clean energy sector and a great long-term investment opportunity.

Royal Dutch Shell PLC (RDS.A)

Royal Dutch Shell (RDS.A) is a major oil and gas company with operations all around the world. The company has a wide array of subsidiaries that work in oil and gas exploration, refinement, and distribution. Shell has also recently ramped up its investments in renewable energy and alternative fuel sources, making it a strong long-term option for investors looking to move away from fossil fuels and into a renewable future. The company has pledged to reduce its emissions to net-zero by 2050 and has been investing significantly in green energy sources to make sure that the company is compliant with environmental regulations. With the transition to renewable energy expected to drive innovation and long-term growth, Shell is a good choice to consider for your portfolio.

Duke Energy (DUK): 

Duke Energy is the largest investor-owned electric and gas utility in the United States with 7.7 million customers in six states. The company has been providing reliable energy services to customers for over a century and is a respected leader in the energy industry. Duke participates in a broad range of clean energy and energy efficiency initiatives, making them an important part of the fight against climate change. 

Duke has set a goal to reduce its carbon footprint by 40% by 2030 and to produce zero carbon emissions by 2050. The company has invested heavily in renewable energy, focusing on wind and solar power, and is leading the industry in the transition from traditional fossil fuel sources to cleaner and more sustainable sources of energy. Duke is a major contributor to the growing network of smart grids that are set up to help reduce energy costs and improve reliability. 

Duke Energy is also very involved in energy education and groundbreaking research that is aimed at developing innovative solutions that can help the energy industry reduce environmental impacts. The company sponsors events around the country to engage the public with energy facts and encourage energy conservation in the home. 

DUK continually looks for new energy technologies and resources to develop and bring to market, investing significant amounts of money in research and development projects. As a result, they are helping to power the future of energy while playing an important role in combating climate change, Duke is an ideal stock for a future-oriented investor.

Southern Company (SO):

Southern Company has been a part of the energy industry since 1860 and is an industry leader in its commitment to sustainability, especially when it comes to renewable energy through its subsidiary Alabama Power. 

SO has invested heavily in clean and renewable energy sources, as shown by its decision to build the largest battery energy storage facility in the world in Alabama. By investing in clean and renewable sources of energy, Southern Company ensures that it can remain competitive in an evolving energy market. Moreover, Southern Company made an unprecedented decision to limit carbon dioxide emissions at its 11 coal-fired plants and cap their carbon footprint by 2021. This notable commitment to sustainability makes Southern Company a reliable long-term energy stock with a significant competitive advantage over other energy providers. 

Additionally, Southern Company has embarked on a two-year venture to expand its use of renewable energy and expand its energy delivery system to connect customers across the Southeast. This will create greater reliability and resiliency for homes, businesses, and communities, proving yet again why Southern Company is dedicated to transforming the energy industry. In addition to its commitment to renewable energy, Southern Company is investing in digital technologies and data analytics, enabling it to become more efficient and effective in delivering energy services.

Lastly, Through its investments in clean energy, digital transformation, and sustainability, Southern Company is proving that it is a leader in the energy industry, committed to meeting the needs of today’s customers and positioning itself to remain a leader in the future.

Con Edison (ED): 

Con Edison is one of the leading energy companies in the United States. With a history that dates back to 1823, the utility is among the oldest and most respected companies in the industry. The company serves over three million customers in the New York City metropolitan area, making it the largest enterprise of its kind in the nation. 

Not only does Con Edison strive to bring energy to its customers, but it also actively works to do so in a more sustainable and efficient way. With an increasing focus on green energy initiatives, Con Edison is quickly becoming a leader in providing its customers with sustainable, environmentally-friendly energy. It has established a comprehensive renewable energy portfolio and plans to increase investments in both solar and wind energy in the coming years.

For investors, Con Edison provides an attractive opportunity to gain exposure to a diverse and growing energy market. Its renewable energy investments provide significant long-term growth potential, coupled with the stability of one of the largest and oldest energy companies in the United States. Additionally, Con Edison is investing in the emerging infrastructure of the energy industry, including smart metering, energy storage, and electric vehicle charging. These investments could provide attractive returns in the future as the utility leverages them to better meet customer demands.

CMS Energy (CMS):

CMS Energy is a well-established energy provider that provides reliable, economically-viable solutions to the growing environmental concerns of the present day. Their investments in clean energy projects, from solar and wind to geothermal and hydroelectric, have enabled them to reduce their environmental footprint and grow their portfolio of sustaining solutions for the long-term future of the business. As such, CMS Energy has earned recognition for its commitment to sustainability, with their renewable energy investments benefiting the environment, their customers, and shareholders alike.

CMS Energy’s commitment to clean energy makes it a desirable investment option for those looking to take a financially-sound approach to tackle climate change. With the company’s focus on renewable energy solutions and its long-term sustainability goals, investors can have confidence that their stake in CMS Energy will help to drive meaningful change in the energy sector and beyond. As renewable energy infrastructure expands and demand for clean energy solutions rises, CMS Energy stands to benefit from becoming one of the most trusted and reliable providers in the industry.

Brookfield Renewable Partners (BEP): 

Brookfield Renewable Partners is an attractive option for many investors, as it offers a wide variety of renewable energy projects including hydroelectric, wind, solar, biomass, and geothermal power generation assets. In addition to its impressive portfolio of assets, Brookfield Renewable Partners also has a strong history of dividend payments which makes it an ideal stock selection for income investors.

Furthermore, the company brings with it the added benefit of a global presence, with thousands of megawatts of renewable energy capacity spread across six continents. This makes it one of the largest and most diverse renewable energy players in the world, and a great option for any investor looking to diversify their stock portfolio.

Conclusion 

It is clear that with the transition to renewable energy gathering momentum, investing in energy stocks is a great option for long-term investors. Whether you are looking for a reliable energy company with a long history of experience, a play on the latest tech trends, or a renewable energy stock, there are plenty of options on the market. as sustainable energy sources become increasingly cost-efficient, many of these companies are well-positioned to see positive returns in the coming years. As such, now is a great time to start researching and making investments in the energy sector.