Best Climate Change Stocks for 2024

Jitanchandra Solanki
9 Min read

Climate change has become a pressing issue in recent years, with calls for more awareness on the topic being heard by governments and companies all over the world, prompting them to invest billions in fighting climate change and becoming more sustainable.

In this article, we discuss popular climate change stocks for investors looking to invest in the green sector. By including climate change stocks in a portfolio, it becomes possible for investors to actively support and promote positive changes while also trying to capitalise on the rise in demand in this sector.

Read further to find out more about climate change and global warming stocks. 

What are Climate Change Stocks? 

Climate change stocks represent companies actively combating climate change and global warming and finding solutions for a greener future. These companies operate in various sectors, such as renewable energy, electric vehicles, energy storage, and carbon capture technology and are taking active measures to become more eco-friendly.

Investors can support businesses in their goals towards a greener future by investing in shares of the companies. Interest to invest in climate change stocks is on the rise but with all forms of investing, there are risks involved.

By investing in climate change stocks, investors can support companies that work towards a greener future while potentially profiting from the increasing demand for eco-friendly solutions. However, as the pandemic showed some companies make backtrack on their commitments which could turn profitable investments into losing ones.

Best Climate Change Stocks to Watch 

Each climate change stock is by a company contributing to the global fight to reduce emissions and seek greener solutions. The climate change stocks have been chosen based on various factors. Here is a list of the top five climate change stocks to watch:

  1. Tesla - Electric Cars, Solar and Clean Energy Pioneers 
  2. First Solar - Large-Scale and Environmentally Friendly Solar Panel Manufacturer 
  3. NextEra Energy - Global Powerhouse for Renewable Energy Production 
  4. Brookfield Renewable Partners - Renewable Energy Climate Change Stocks 
  5. QuantumScape - Building the Best Next-Generation Solid-State Lithium Batteries 

Below we go into more detail for each stock. Be sure to tune in to Admirals' live trading webinars to keep up to date with the latest market movements and themes. 

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Tesla - Electric Cars, Solar and Clean Energy Pioneers 

Tesla is a pioneer in the electric vehicle (EV) industry and is one of the most well-known and biggest companies in the world. Tesla caused a revolution in the automotive sector when it started designing accessible and attractive EVs. Tesla’s commitment to sustainability goes beyond vehicles, as the company also works on the production and storage of solar and other clean energy sources.

Since 2010, Tesla’s stock price has seen much growth reflecting the disruptive role the company had in the automotive industry. However, this growth came with periods of very high volatility and price swings, which can be challenging to navigate. 

First Solar - Large-Scale and Environmentally Friendly Solar Panel Manufacturer 

Speaking of solar energy, next up is First Solar. This is a large-scale and global provider of energy solutions based on solar power. They specialise in designing, manufacturing and the installation of photovoltaic (PV) solar panels. All while keeping environmental impact in mind. The company is headquartered in the US.

The solar energy market is rapidly evolving, and as a manufacturing company, that means periods of adjusting for First Solar. The stock price has seen periods of high volatility, but First Solar demonstrated its resilience and has been showing strength against its competitors for the past couple of years.

NextEra Energy - Global Powerhouse for Renewable Energy Production 

NextEra Energy is one of the largest renewable energy companies in the world. The company was founded in 1984 and is the largest producer of renewable energy, including wind, solar and nuclear power. NextEra offers other organizations personalised solutions on the path to decarbonization. Their own plan to lead decarbonization is called ‘A Real Plan For Real Zero’ and goes beyond reducing carbon emissions to completely eliminating them.

NextEra Energy is one of the older stocks discussed in this article. Over the past decades, the stock price has seen steady growth highlighting the increasing demand for renewable energy and the successful commitment of the company to clean energy sources. 

Brookfield Renewable Partners - Earn Dividends on Climate Change Stocks from Renewable Energy Company 

Worldwide leader in renewable power Brookfield Renewable Partners is a company that has proven its worth over the years. Brookfield Renewable Partners is active in the hydroelectric, wind, solar and energy storage markets. They build their own diverse portfolio of green energy assets, which enables them to harness various clean energy sources. Using this strategy, they can minimise company risks while maximising their returns.

Brookfield Renewable Partners is one of the few climate-change stocks that pay their investors regular dividends. At the time of writing, the annual dividend yield was 4.39%. The company boasts a multi-billion dollar market cap and invests billions across different markets for future growth.

QuantumScape - Building the Best Next-Generation Lithium Batteries 

QuantumScape is on a mission to transform the way we store energy. The cutting-edge technology company is betting heavily on solid-state lithium-metal batteries. These innovative batteries promise significant improvements in performance, safety and durability. They could solve one of the current problems with electric vehicles - the limited range. From there, the further transition towards sustainable transportation using electric vehicles becomes possible. 

The lithium-producing company went public after a reverse merger with a special purpose acquisition company (SPAC) in the final quarter of 2020. The stock price initially soared to an all-time high of over $130 in December 2020 but saw a huge correction after. 

The key for QuantumScape stock to grow in the future is if the company can start to commercialise its new batteries. While demand for EVs has been rising it has peaked in key markets such as China. 

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Why Invest in Climate Change Stocks? 

Investors in climate change stocks have the opportunity to participate and engage with a fast-growing green movement within the global economy. As governments, businesses and consumers increasingly prioritize the (future of their) environment, attention shifts towards companies leading the way in reducing greenhouse emissions, developing and employing clean energy alternatives and other eco-friendly technologies. 

Investing in climate change stocks, therefore, is a way of diversifying a portfolio and at the same time staying in touch with current macroeconomic trends. However, investing in climate change or global warming stocks brings risks. The sector can be volatile and sensitive to new laws and regulations.

Another way for investors to gain exposure could be climate change penny stocks. Climate change penny stocks are shares in eco-friendly companies in the same industries but refer to stocks that are low price and low volume. However, penny stocks trading is much more volatile and most likely not suitable for beginners. 

For investors eager to explore more, a demo trading account can provide the starting point. Demo accounts provide a virtual environment which enables traders to practice investing in climate change stocks before committing real capital. 

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In conclusion, climate change stocks offer investors the opportunity to support companies working towards a greener and more sustainable future, while at the same time potentially profiting off rising demand for the sustainable solutions they are providing.

By carefully considering both the risks and rewards that come with such investments, investors can make informed decisions on including climate change stocks in their portfolios.

FAQs on Best Climate Change Stocks 


What are the best stocks for climate change? 

Some of the best climate change stocks to keep an eye out for include Tesla, First Solar, NextEra Energy, Brookfield Renewable Partners, and QuantumScape. 

What to invest in climate change? 

To invest in climate change, consider stocks from companies actively combating global warming and / or working on sustainable solutions for a greener future. Think about companies active in renewable energy (solar, wind, water or nuclear), energy storage (green batteries), new ways of transportation (electric vehicles) or carbon capture technologies.


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