Greenbacker Renewable Energy Company LLC reported its 2024 results, highlighting contributions to the energy transition despite challenging market conditions. The company achieved a 16% increase in operating revenue to $210 million and a 23% rise in power production, driven by the addition of 22 new solar energy assets and significant wind repowering efforts. Amid macroeconomic pressures, Greenbacker adjusted its net asset value and implemented cost-saving measures, including a workforce reduction. Greenbacker also embarked on strategic initiatives to enhance shareholder value, securing financing for large-scale solar and wind projects, underscoring its commitment to expanding its clean energy portfolio and supporting a sustainable infrastructure.

In other trading, Hanwha Aerospace was a standout up 5.7% and ending the day at ₩701,000. Meanwhile, TAQA Morocco softened, down 7.8% to finish the session at MAD2,130.00.

Rapid growth in Hanwha Aerospace's Land Systems division is driving a potential 20% revenue increase by 2025. Discover more by clicking through to read our narrative on the company.

Additionally, revisit our Market Insights article, "Sectors And Industries To Watch In 2025," where we explored renewable energy's growth amidst geopolitical and economic shifts—essential reading to get ahead now.

Best Energy Transition Stocks

• Tesla ended the day at $282.76 up 5.3%. Two days ago, Tesla announced its Q1 2025 production of 362,615 vehicles and energy storage deployment of 10.4 GWh.
• Vistra closed at $127.19 up 4%.
• First Solar settled at $129.82 up 1.8%.

Key Takeaways

• Gain an insight into the universe of 145 Energy Transition Stocks, among which are Entergy, Pinnacle West Capital and Chevron, by clicking here.
• Curious About Other Options? Uncover 12 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Greenbacker delivers 2024 results" from Greenbacker Renewable Energy Company LLC on GlobeNewswire (published 01 April 2025)

Companies discussed in this article include KOSE:A012450 NasdaqGS:TSLA NYSE:VST NasdaqGS:FSLR and CBSE:TQM.

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