5 Most Profitable Renewable Energy Stocks Right Now

In this article, we will discuss the 5 Most Profitable Renewable Energy Stocks Right Now. For deeper discussion and analysis, read 11 Most Profitable Renewable Energy Stocks Right Now.

5. WEC Energy Group, Inc. (NYSE:WEC)

Net Profit Margin TTM: 15.9%

WEC Energy Group, Inc. (NYSE:WEC) received a higher valuation on April 21 when Wells Fargo raised its price target to $127 from $117 while maintaining an Overweight rating. The firm updated first-quarter estimates to reflect identifiable operational drivers across regulated utility coverage and also raised sector valuation multiples.

On the same day, Truist initiated coverage of WEC Energy Group, Inc. (NYSE:WEC) with a Hold rating and a $124 price target. The firm noted that vertically integrated utilities stand to benefit from rising infrastructure needs tied to data center power demand, though it expressed a stronger preference for select peers.

WEC Energy Group, Inc. (NYSE:WEC) is a major utility holding company providing electricity and natural gas service to roughly 4.7 million customers across the Midwestern United States. Headquartered in Milwaukee, Wisconsin, the company traces its origins to 1896 and is investing heavily in solar, wind, battery storage, and a path toward net-carbon-neutral electric generation by 2050.

With an impressive net profit margin TTM, WEC ranks 5th among the most profitable renewable energy stocks right now. The substantial Wells Fargo target increase signals confidence in WEC’s steady regulated earnings growth and capital investment pipeline. Combined with an expanding renewable portfolio, the company offers a blend of defensive stability and long-duration infrastructure upside.