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6 top wind energy stocks to buy in 2024

Ready to invest in the wind power industry? Learn how to invest in wind energy stocks in just a few steps.

The best wind energy stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top wind power stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. TPI Composites (TPIC)
  2. Allete (ALE)
  3. Portland General Electric (POR)
  4. American Superconductor Corporation (AMSC)
  5. Nextera Energy (NEE)
  6. The AES Corporation (AES)

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How to invest in wind energy stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like TPIC or ALE.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into wind energy stocks

If you're interested in investing in the wind power industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. TPI Composites (TPIC)

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators.

TPI Composites stock opened the day at $4.30 after a previous close of $4.28. The latest price was $4.53 (25-minute delay). TPI Composites is listed on the NASDAQ, has a trailing 12-month revenue of around USD1.4 billion and employs 12,300 staff.

  • Market capitalization: $209,810,768
  • PEG ratio: 0.7647

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2. Allete (ALE)

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments.

Allete stock opened the day at $64.44 after a previous close of $64.43. The latest price was $64.47 (25-minute delay). Allete is listed on the NYSE, has a trailing 12-month revenue of around USD$1.7 billion and employs 1,544 staff.

  • Market capitalization: $3,678,948,864
  • P/E ratio: 15.3125
  • PEG ratio: 2.215

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3. Portland General Electric (POR)

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.

Portland General Electric stock opened the day at $47.93 after a previous close of $47.69. The latest price was $47.87 (25-minute delay). Portland General Electric is listed on the NYSE, has a trailing 12-month revenue of around USD$3.1 billion and employs 2,842 staff.

  • Market capitalization: $4,775,486,464
  • P/E ratio: 17.8269
  • PEG ratio: 1.4816

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4. American Superconductor Corporation (AMSC)

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.

American Superconductor Corporation stock opened the day at $26.97 after a previous close of $26.37. The latest price was $25.04 (25-minute delay). American Superconductor Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$145.6 million and employs 337 staff.

  • Market capitalization: $971,202,752
  • PEG ratio: -0.06

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5. Nextera Energy (NEE)

NextEra Energy, Inc. , through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy.

Nextera Energy stock opened the day at $75.19 after a previous close of $75.41. The latest price was $73.44 (25-minute delay). Nextera Energy is listed on the NYSE, has a trailing 12-month revenue of around USD$27.1 billion and employs 16,800 staff.

  • Market capitalization: $147,926,155,264
  • P/E ratio: 19.6721
  • PEG ratio: 2.6131

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6. The AES Corporation (AES)

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses various fuels and technologies to generate electricity, such as coal, gas, hydro, wind, solar, and biomass, as well as renewables comprising energy storage and landfill gas.

The AES Corporation stock opened the day at $17.33 after a previous close of $17.31. The latest price was $17.23 (25-minute delay). The AES Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$12.5 billion and employs 9,600 staff.

  • Market capitalization: $12,152,406,016
  • P/E ratio: 23.4247
  • PEG ratio: 1.2464

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Bottom line

While it’s possible to turn a profit investing in wind energy stocks, keep in mind that — like any investment — wind energy stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the wind power industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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