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At Money Morning, we've been pounding hard on the table for renewable and clean energy stocks the entire year.
And if you've followed our recommendations, you've already pocketed some serious profits.
One of the biggest renewable energy stock winners of 2019 has been Vivant Solar Inc. (NYSE: VSLR).
In the six months since I recommended the company, shares have soared more than 72%.
And as the cost of renewable energy production falls, the entire industry is set to profit.
The momentum going forward means many countries will be nearly 100% renewable based.
It's becoming a matter of simple economics now that renewables can compete against fossil fuels. In fact, it's really no contest.
Factor in the growing concern for global warming, and renewable energy stocks are a no-brainer for long-term investors.
The latest forecast for Europe by the experts at Bloomberg New Energy Finance suggests that in two decades, the grid will be 90% sourced by renewable energy.
Who would have contemplated that only a few short years ago?
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We knew the reliance on fossil fuels was problematic in numerous ways, with damage to the climate being front and center.
Given a reasonable and cost-effective alternative, it has become rather obvious where renewable energy is headed.
From an investing standpoint, owning renewable energy stocks is about as obvious as it gets.
The biggest challenge for any investor is uncertainty.
With respect to renewables, investors can now see the future more clearly.
In Europe, when almost 100% of the energy grid is fueled by alternatives, 80% of that will come from solar.
That's a ton of growth that investors can project in determining valuation.
That's why even with a near double in shares of Vivant, more gains are coming.
And it's not just Vivant that looks attractive from an investing standpoint today.
Here are two more "clean energy" stocks that will likely soar as renewable energy becomes the standard instead of the alternative.