Fengate Asset Management has expanded its renewable energy portfolio by acquiring a 50% interest in a 227 MWac portfolio of 12 operational solar projects across the western United States. This acquisition forms part of a joint venture with Clearway Energy Inc., enhancing Fengate's strategic focus on energy transition initiatives. Managed under the Fengate Infrastructure Yield Fund, this investment aligns with the company's objective to engage in long-term contracted renewable projects, reflecting their ongoing commitment to sustainable energy solutions.

• Clearway Energy (NYSE:CWEN.A) last closed at $39.75 up 1.5%, near its 52-week high.

In other trading, Industrias Peñoles. de (BMV:PE&OLES *) was a notable mover up 8.9% and finishing the session at MX$867.86. Meanwhile, Barito Renewables Energy (IDX:BREN) lagged, down 12.7% to end the day at IDR4,800.00.

Best Energy Transition Stocks

• Tesla (NasdaqGS:TSLA) ended the day at $381.26 up 2.6%.
• Chevron (NYSE:CVX) settled at $197.41 down 4.6%. Chevron announced executive leadership changes focusing on safety enhancement, effective in 29 days.
• Equinor (OB:EQNR) closed at NOK399.10 down 5.1%.

Summing It All Up

• Navigate through the entire inventory of 190 Energy Transition Stocks including Schneider Electric, Elisa Oyj and Beijing Jingneng Power here.
• Seeking Other Investments? We've found 16 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free.

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.

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