5 Most Profitable Renewable Energy Stocks

3. Equinor ASA (NYSE:EQNR)

Trailing 12 months Net Income: $28.75 billion

Equinor ASA (NYSE:EQNR), formerly known as Statoil, is a Stavanger, Norway-based energy company that is pursuing high-value growth in renewable energy.

Equinor ASA (NYSE:EQNR) intends to invest as much as $9.9 billion (NOK 100 billion) to accelerate the transition towards green energy under the Norway Energy hub plan. The company plans to achieve 10 GW of installed capacity through wind energy by the end of this decade to ensure the profitable export of power to Europe. Furthermore, under the electrification process that transitions fossil-based power supply to renewable energy, Equinor ASA (NYSE:EQNR) intends to reduce its emissions at the Norwegian Continental Shelf by 70% by 2040.