The Best Stocks to Buy Under a Biden Presidency

Joe Biden has officially been sworn in as the 46th president of the United States. Under this new administration there are quite a few stocks worth investing in due to the new emphasis on renewable energy and modern infrastructure. These priorities are likely to be warmly embraced by a Democrat-controlled Congress without provoking a filibuster from Republican senators. Infrastructure spending, green energy and healthcare are all Democratic priorities and should do well under a Biden presidency.

The energy industry is changing rapidly — dominant fuels like coal and oil are being supplanted by cheaper renewable energy sources. As the transition away from fossil fuels continues we can expect to see a rise in technological innovations like electric vehicles and other energy technologies. Let’s take a look at some of the best energy technology stocks that investors will want to place their bets on under the Biden administration.

Bloom Energy Corp (NYSE: BE)

12 month forecast high: $45

This company designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation.

General Motors Co (NYSE: GM)

12 month forecast high: $80

This company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide.

Martin Marietta Materials Inc. (NYSE: MLM)

12 month forecast high: $366.50

This company is a natural resource based building materials company that supplies aggregates and heavy building materials to the construction industry in the United States and internationally.

Caterpillar Inc. (NYSE: CAT)

12 month forecast high: $293

This company manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.

Eaton Corporation PLC (NYSE: ETN)

12 month forecast high: $155

This company operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, wiring devices, and structural support systems; and residential, single phase power quality, emergency lighting and fire detection, and circuit protection and lighting products.

Nextera Energy Inc. (NYSE: NEE)

12 month forecast high: $101

This company through its subsidiaries, generates, transmits, and distributes electric power in North America. It generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities.

Tesla Inc (NASDAQ: TSLA)

12 month forecast high: $1200

This company designs, develops, manufactures, leases, and sels electric vehicles, and energy generation and storage systems in the United States.

Innovative Industrial Properties (NYSE: IIPR)

12 month forecast high: $250

This company is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.

Energy Transfer LP (NYSE: ET)

12 month forecast high: $15

This company provides energy-related services. It owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,500 miles of interstate natural gas pipelines.

Becton Dickinson and Co (NYSE: BDX)

12 month forecast high: $300

This company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide.

There’s no debate that electric vehicles and renewable energy can be viable. They’re cost effective and their prices continue to drop which allows them to increase their market share. As they do, companies with the best technology and strongest business models could be big winners for investors.