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A new report titled "Deep Dive into Renewable Energy Procurement" highlights the commitment of over 400 global companies to transition to 100% renewable electricity, with 278 targeting completion by 2030. The report examines various methods of renewable energy procurement, such as on-site generation, power purchase agreements, and supply contracts, each presenting its own challenges and benefits. It underscores the increasing complexity and necessity for businesses to adapt to renewable energy solutions against challenges like oversupply and high demand. The report provides insights into the diverse strategies companies can employ to achieve their renewable energy goals and addresses concerns regarding greenwashing and effective implementation.

Elsewhere in the market, Barito Renewables Energy was a notable mover up 9.7% and ending trading at IDR5,650.00. At the same time, Tokyo GasLtd trailed, down 4.5% to close at ¥4,627.

First Solar's upcoming $1.1 billion facility may boost capacity and profitability soon. Click here to explore more about the company's strategic growth narrative.

In our urgent Market Insights article, we explored how the uncertain tariff landscape impacts automakers' investment in electric and hybrid vehicle technologies, crucial for the energy transition. Don't miss out—read it now!

Best Energy Transition Stocks

• First Solar ended the day at $131.26 up 4.2%.

• Vistra closed at $112.69 up 0.9%.

• Tesla closed flat at $252.35.

Taking Advantage

• Unlock more gems! Our Energy Transition Stocks screener has unearthed 137 more companies like Kobe Bussan, GE Vernova and Fortune Brands Innovations for you to explore.

• Curious About Other Options? AI is about to change healthcare. These 27 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

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

• "Renewable Energy Procurement Market Report: Over 400 Global Companies Commit to 100% Renewable Electricity, with 278 Targeting Completion by 2030" from Research and Markets on GlobeNewswire (published 14 April 2025)