5 Most Profitable Renewable Energy Stocks

In this article, we will discuss the 5 most profitable renewable energy stocks. If you want to see more companies in this selection, go to the 13 Most Profitable Renewable Energy Stocks.

5. Eni S.p.A. (NYSE:E)

Trailing 12 months Net Income: $18.01 billion (€16.78 billion)

Eni S.p.A. (NYSE:E) is a Rome, Italy-based integrated energy company that intends to achieve carbon neutrality by 2050.

The company aims to play a part in goal 7 of the United Nations (UN) 2030 Agenda which focuses on providing affordable and cleaner energy. Eni S.p.A. (NYSE:E) has a 2 GW installed capacity of renewable energy as of 2022. The company intends to increase it to 6 GW by 2025 and to 15 GW by the end of this decade. Eni S.p.A. (NYSE:E) has established a completely owned subsidiary called Plenitude that plans to use renewable energy sources for the supply of electricity and gas. Presently, the subsidiary provides electricity to around 10 million customers in Europe.