After several weeks of intense talk among global leaders, a final agreement is finally decided. As a result of the deal, Cleantech stocks are primed for future growth.

Cleantech stocks are those that put sustainability first. In other words, they use “clean technology” such as renewable energy sources to support a cleaner future. Clean energy can describe several industries, such as electric vehicles and solar power.

Global leaders are working with the private sector to draw more funds to support the efforts. However, scientists are warning that if we don’t act now, it could dramatically affect the environment. But, new studies show that over 85% of the world’s population is already affected by climate change.

For this reason, companies are now stepping up to speed up the transition. Thus here are the top eight Cleantech stocks to buy that are leading the way.

Investing in Cleantech stocks.

Cleantech Stocks to Buy: No. 8 Brookfield Renewable (NYSE: BEP)

  • Industry: Renewable Energy
  • Market Cap: 9.3B
  • 1-Yr Revenue Growth: 11%

Brookfield Renewable is an excellent play if you’re looking to invest in cleantech stocks but don’t know where to start. The company is completely focusing on renewable energy investments. It has holdings in…

  • Wind Energy
  • Solar Energy
  • Hydroelectric Power
  • Storage Facilities

What’s more, the company pays a generous dividend, currently yielding 3.59% annually. Brookfield continues investing in high-quality assets with shareholder return as a priority.

No. 7 Vestas Wind Systems (OTC: VWDRY)

  • Industry: Wind Turbines
  • Market Cap: 31.1B
  • 1-Yr Revenue Growth: 16% (EUR)

The Denmark-based turbine supplier is a leader in the wind power market. With over 40,000 MW of turbines installed service in North America, Vestas is banking on wind as the future of energy. In fact, the wind power market is expecting to grow 11.3% annually over the next few years.

Given that wind power is the largest renewable energy source in the U.S., Vestas is in a perfect position. Look for the leader to continue playing a critical role in the wind energy market.

No. 6 Amyris Inc. (Nasdaq: AMRS)

  • Industry: Renewable Chemicals
  • Market Cap: 1.75B
  • 1-Yr Revenue Growth: 40%

In a world now dominated by harmful chemicals, Amyris wants to change that. The company makes clean health and beauty consumer products.

Clean beauty is a big trend right now, with research from Statista showing the market could reach $54.5 billion by 2027. But, Amyris is much more than clean beauty. The biotech leader is changing the way we approach consumer needs. That said, Amyris will be one of the top cleantech stocks to watch going forward.

No. 5 Plug Power (Nasdaq: PLUG)

  • Industry: Hydrogen Fuel Cells
  • Market Cap: 19.2B
  • 1-Yr Revenue Growth: 35%

Plug Power is the leader in hydrogen technology with over 50,000 fuel cells installed. The renewable energy company uses its tech to power electric solutions. For example, Plug Power’s fuel cells are used to power trucks, improve material handling and stationary power.

Despite a loss in the 4th quarter, Plug has achieved double-digit year-over-year (YOY) revenue growth in 7 of its last 8 quarters. Also, partnerships with premium brands like Amazon, BWW and Walmart show it’s the real deal.

No. 4 ChargePoint (NYSE: CHPT)

  • Industry: EV Charging Stations
  • Market Cap: 7B
  • 1-Yr Revenue Growth: 60%

As the world’s largest EV charging network, ChargePoint is looking to capitalize on the growing EV demand. Even more, the company offers an open network. This means anyone can use it.

Electric vehicles are one of the fastest-growing industries right now with estimates showing it can be worth nearly $2.5 trillion by 2027. If this is the case, look for ChargePoint to be a major competitor in EV infrastructure.

No. 3 Tesla (Nasdaq: TSLA)

  • Industry: Electric Vehicles
  • Market Cap: 1T
  • 1-Yr Revenue Growth: 57%

So far, Tesla is dominating the EV market. Despite competition starting to gain traction, Tesla is still crushing its targets and breaking records along the way.

In the company’s latest earnings, it achieved record

  • Net Income
  • Operating Profit
  • Gross Profit
  • Vehicle Production &
  • Vehicle Deliveries

More importantly, it shows demand for EVs heating up and particularly for Tesla vehicles. If Tesla can continue at this rate, then look for it to continue exceeding expectations.

Keep reading to find the best cleantech stocks to buy now.

No. 2 NextEra Energy (NYSE: NEE)

  • Industry: Utility
  • Market Cap: 173.8B
  • 1-Yr Revenue Growth: (-37%)

NextEra Energy is the largest utility company with a market cap of over 173 billion. Not only that, but it’s also the world’s largest producer of wind and solar.

The utility company also owns Florida Light & Power and Gulf Power in its portfolio. What’s more, NextEra makes an attractive dividend stock with annual revenues of $18 billion. In fact, its 25 straight years of increased payouts make it a dividend aristocrat.

Seeing that the renewable energy is set to reach almost $2 trillion by 2030, NextEra Energy should see some of this growth. In light of this, NextEra is one of the top cleantech stocks over the next ten years.

Best Cleantech Stocks: No. 1 Enphase Energy (Nasdaq: ENPH)

  • Industry: Semiconductors (Solar Energy)
  • Market Cap: 29B
  • 1-Yr Revenue Growth: 97%

Rounding out the best cleantech stocks is the microinverter supplier, Enphase. The renewable energy company makes energy systems allowing users to harness the sun’s power.

In particular, Enphase units combine solar, battery and software to power residential homes. At the same time, they are making it easy for users to sell back the energy they are not using. The smart technology is driving the Enphase stock to new heights, now up over 2,000% in the past two years.

Moreover, with solar set to play a critical role in the renewable energy movement, Enphase’s systems are leading the way. With 48% compound revenue growth in the past 20 quarters, look for Enphase to continue its dominant run.

Is It Too Late to Invest In Cleantech Stocks?

Many of the cleantech stocks on this list are up well over 100% in the past few years. But, does that mean it’s too late to invest in cleantech?

With renewable energy becoming a primary focus in today’s world, cleantech is critical. As a result of the Glasgow Climate Pact, countries are aiming to limit the global temperature rise to 1.5C.

To keep up with the latest in cleantech stocks, sign up for the Profit Trends e-letter below. The free e-letter spots breaking trends like renewable energy before they become trending topics. Check it out today!

And on top of this, President Biden’s new Rebuild Plan is centering on tackling climate change. With this in mind, renewable energy is just getting started. Further, you can see the effects in some industries already. For instance, stocks like Tesla and Enphase have been exploding in the past two years.