Renewable Energy Growth Expected Amidst Market Opportunities

Investors should watch the renewable energy market closely. A new report indicates the sector's revenue may grow at an average of 9.5% annually through 2033, signaling promising opportunities for companies like NuScale Power and Plug Power as they capitalize on this trend.

Date: 05-01-2025

AI Rating: 6

Revenue Growth
According to the report, Straits Research anticipates the renewable energy industry will experience revenue growth at an average pace of 9.5% through 2033. This significant growth indicator reflects the shift towards sustainability and the increasing viability of renewable energy solutions, which may attract investor interest and potentially raise stock prices for companies involved in this sector.

Companies Mentioned
1. NuScale Power (NYSE: SMR): Despite having no reliable revenue, the company's development of small modular reactors (SMRs) presents a unique market opportunity. The expected approval of a new reactor design by U.S. regulators could also influence future growth prospects, although it remains a long-term play.

2. Plug Power (NASDAQ: PLUG): The company manufactures hydrogen fuel cells and is exploring growth in various applications. The report notes that the fuel cell market is expected to grow by over 21% per year through 2033, suggesting potential profitability for Plug Power as market demand rises.

Risks and Strategic Position
Both NuScale and Plug Power, however, face significant risks including regulatory uncertainties and the unproven financial viability of new technologies. Although the growth forecasts are positive, investors must weigh these challenges against the potential for transformative growth in their respective markets.

Stocks: SMR PLUG OXY