Investment guru, Paul Mampilly has a new forecast: Solar Energy. The world-class analyst, and editor of The $10 Million Portfolio says demand for energy is about to surge, and will be one of the top winning stocks.
The increase in demand is accompanied by significant changes in the energy mix. More devices, higher utility bills, as well as the transition to a nontoxic future all lead to significant changes in the energy mix, and Paul Mampilly points out those changes are leading to incredible demands in energy. Experts say renewable energy sources will double in the next 25 years.
A New Hunger For Energy
The energy industry is distinguished by lengthy cycles of development, and we must understand the long-term prospects for the possible change in the landscape. That landscape, says Mampilly, is being shattered by a solar revolution worldwide. Germany has had a record-breaking cycle of green energy: 35 percent of it’s energy was renewable in 2017. And China is looking to invest more than $366 billion in renewable energy.
According to experts, the main drivers of renewable energy is the growth in population. The world population is projected to reach nearly 8.8 billion people by 2035, and that means the request for energy will surge. More than half of the increase in global energy consumption must be due to power generation. A significant part of this increase affects the regions where a big number of residents have limited access to electricity.
When it comes to investing in renewable energy, Paul Mampilly says there is no better time. Getting exposure to new trends helps diversity portfolios, and Invesco Solar ETF (NYSE: TAN) is one fund to start with. It’s a global ETF fund that Mampilly recommends is worth watching.
Paul Mampilly, a Finance graduate of The Fordham School of Business is a long-time publisher of several popular newsletters at Banyan Hill Publishing, including Profits Unlimited, and Rapid Profit Trader. Over the years Mampilly has been a portfolio manager, and research analyst at Germany’s Deutsche Asset Management, and today is a widely respected analyst and author, helping subscribers grow their wealth.
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