Tesla Leads in 10 Most Searched for Renewable Energy Stocks

Despite the recent announcement on the world’s largest cryptocurrency - Bitcoin, Elon Musk-led electric vehicle (EV) maker Tesla has been leading in the list of ten most searched for renewable energy stocks, with 21.8 million average monthly searches around the globe, said SaveonEnergy in its findings.

Also, Google trends data showed that searches for ‘renewable energy stock’ have been up 20 per cent in the last 7 days.

Recently, Elon Musk announced that “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”

“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” Musk added.

However, Musk also cleared that “Tesla will not be selling any Bitcoin and intend to use it for transactions as soon as mining transactions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”

According to the International Energy Agency (IEA), the world’s renewable energy capacity jumped by 45 per cent in 2020.

Thus, SaveOnEnergy examined the most popular renewable energy stocks currently on the market. Using SEMrush, they then calculated the average monthly global search volumes for each stock to determine which is the most popular renewable energy stock that people are searching to invest in.

As per ‘SaveOnEnergy’ findings, here’re the top 10 most searched for renewable energy stocks:

• Tesla is once again the most popular searched for renewable energy stock, with 21,800,000 average monthly searches around the globe.
• The second most searched for renewable energy stock is Plug Power Inc., with 755,700 global monthly average search volumes.
• Ranking third is General Electric Co., with just over half a million – 532,710.
• Fourth: SunPower Corp. – 189,300
• Fifth: Ørsted – 150,100
• Sixth: NextEra Energy – 133,700
• Seventh: Canadian Solar Inc. – 90,000
• Rounding off the bottom three, in eighth place, is First Solar, with a global average monthly search volume of 89,800.
• Not too far behind in ninth is Enphase Energy Inc., at 89,290.
• The 10^th most searched for renewable energy stock around the globe is Jinko Solar, with an average global monthly search volume of 61,500.