Profit From The 'Inflation Reduction Act' With These 2 Dividend Stalwarts

Summary

  • The Inflation Reduction Act will give a huge boost to the renewable energy and zero-carbon technology industries through hundreds of billions of dollars in tax credits.
  • Actually, these industries are already rapidly expanding in response to the spending bill.
  • There are some obvious companies that should benefit, but we highlight two interesting dividend payers that should directly and/or indirectly benefit.
  • Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More »

President Biden Delivers Remarks On Plans To Lower Inflation

Drew Angerer/Getty Images News

Co-produced by Austin Rogers for High Yield Investor.

Currently, the United States generates about 4% of its electricity from solar panels. By 2035, the U.S. government would like that share to reach 40%.

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This article was written by

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Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering with a focus on applied mathematics and machine learning. Samuel leads the High Yield Investor investing group. Samuel teams up with Jussi Askola and Paul R. Drake where they focus on finding the right balance between safety, growth, yield, and value. High Yield Investor offers real-money core, retirement, and international portfolios. The services also features regular trade alerts, educational content, and an active chat room of like minded investors.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BEP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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