10 Best Energy Stocks to Buy in 2023

The energy sector being such a major part of the index, this week's issue of U.S. News Invested seemed particularly relevant.  Hope everyone had a nice weekend.  

MARCH 30, 2023 Invested Advice, rankings and stock market news for investors.

Good morning, investors. Stocks get their groove back as bank anxiety fades, and Lululemon racks up a 13% gain. Highlights of today's newsletter include our market insights plus these new articles: 10 Best Energy Stocks to Buy in 2023 8 Best Pharmaceutical Stocks to Buy for Income 9 Top EV Stocks and Battery Companies TODAY'S FEATURED STOCK STORY 10 Best Energy Stocks to Buy in 2023 Renewable sources of energy, such as wind and solar, are gaining traction as the world seeks to reduce carbon emissions. But, at the moment, the globe doesn't have nearly enough renewable electricity generation – or the battery storage to make grids more reliable – to make full electrification possible. That means oil and especially natural gas will remain in the mix for some time. So, energy investors may want to have a portfolio that contains both traditional oil and gas companies, as well as pure-play renewable energy companies. Consider these 10 energy stocks representing both fossil fuels and renewables: Williams Cos. Inc. (ticker: WMB). Building renewable energy storage capacity involves expensive commodities like lithium and nickel, which makes renewables cost more, says Sam Horn, senior investment analyst with Polaris Global Value Fund. That means natural gas will stick around as a transition fuel, and Williams operates one of the largest natural gas pipeline networks in the nation. But the company also has a goal of a 56% reduction in greenhouse gas emissions by 2030. "Gas is here to stay for the foreseeable future," Horn says. "Instead of shunning those companies, we need to look at ways that oil companies are trying to make their production greener." NOV Inc. (NOV). In an era of rising popularity of environmental, social and governance, or ESG, risk assessment for companies, even hydrocarbon producers have begun to inventory things they say help reduce emissions. Horn points to NOV, which provides equipment and technology to the upstream oil and gas industry, and says it historically has recycled approximately 60% of the total waste it generates. Also, NOV seems to be well positioned to supply the renewable energy economy as it designs, builds, installs and supports renewable energy equipment and technology, with a focus on wind and solar. Click here to continue reading. Consider these 10 energy stocks representing both fossil fuels and renewables: Williams Cos. Inc. (ticker: WMB) NOV Inc. (NOV) Marathon Petroleum Corp. (MPC) Cheniere Energy Inc. (LNG) MPLX LP (MPLX) Diamondback Energy Inc. (FANG) TotalEnergies SE (TTE) Orsted A/S (DNNGY) Vestas Wind Systems A/S (VWDRY) NextEra Energy Inc. (NEE)