The next step is to have microinverters installed with panels at the factory, and there's progress on that front. 3 Energy Stocks to Buy Right Now Signs of a recovering economy have lifted stocks in the sector off their lows. The mining and processing of coal, uranium, and bitumen (oil sands) used to generate electricity or make liquid fuels. The energy sector is vital to the global economy because it provides the fuel and power needed to drive trade and travel. Oct 24, 2020, Rekha Khandelwal | And that'll keep dividend payments growing. Management cited jet fuel as the hardest-hit product, with demand down about 50% from pre-pandemic levels. You can see these macro trends at work in the chart below, and it's simply indisputable that the market is moving away from coal, oil, and natural gas to wind, solar, and EVs. Should You Sell Your Oil Stocks Right Now? Big oil stocks have paid dividends for decades and master limited partnerships (MLPs) were a great yield play. Management aims to grow the dividend 5% to 9% each year simply through organic cash flow growth. PDS earnings call for the period ending September 30, 2020. Even with rising debt, Phillips 66 retains a strong balance sheet capable of handling a prolonged slowdown. In its second quarter conference call, Kinder Morgan updated its full-year 2020 guidance, estimating a mere 9% decrease in earnings before interest, taxes, depreciation, and amortization (EBITDA). Dominion's state-regulated assets, success with renewables, and projected earnings growth are good signs that the utility is well-positioned for the next 15 years. Meanwhile, the company pays out a conservative amount of its annual earnings via its dividend and has one of the top credit ratings in the pipeline sector. In 2019, Daniel joined the Fool as a contract writer, targeting the energy and industrial sectors from his hometown in Houston. ConocoPhillips complements its low cost of supply with a strong balance sheet. However, the company's plans to shift further toward renewables will cause a bit of a shakeup in the short term. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Let's conquer your financial goals together...faster. Market data powered by FactSet and Web Financial Group. Let's conquer your financial goals together...faster. Stock Advisor launched in February of 2002. ENPH Revenue (TTM) data by YCharts. And the projects it's acquiring now normally come with 10- to 20-year contracts to sell electricity to utilities, which provide consistent returns. Further, they should focus on companies unlikely to go out of business if industry conditions deteriorate significantly. Not only will Enphase be able to ride the growth of the solar industry overall, the company is also increasing the adoption rate of microinverters against power optimizers and string inverters. Returns as of 10/26/2020. Even with the dividend cut, Dominion would yield around 3% at today's prices. Oct 24, 2020, Matthew DiLallo, Reuben Gregg Brewer, and Daniel Foelber | Stock Advisor launched in February of 2002. The oil and gas titan expects to remain a dominant energy supplier in the decades ahead. International demand for liquefied natural gas has several companies trying to win this market. Because of that, investors should focus on the stocks of companies that can easily survive a downturn, since that also puts them in the best position to thrive when market conditions improve.

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