Energy Transition Update - Solar and Wind Propel Shift to Affordable Clean Energy

Recent developments in the energy transition highlight the critical role of renewable technologies like solar, wind, and battery storage in reducing global dependence on fossil fuels. Amid geopolitical tensions and economic challenges, solar energy emerges as a key driver in rapidly advancing the shift towards cleaner energy sources, as outlined in Statkraft's latest Green Transition Scenarios report. The report underscores that while substantial progress is necessary to meet climate targets, particularly the Paris Agreement's 2-degree goal, the decreasing costs of renewable technologies make significant CO2 emission reductions feasible. Solar and wind power are anticipated to become the predominant energy sources by 2035, supporting both climate and economic objectives by providing affordable and swift energy solutions.

In other trading, Mineral Resources (ASX:MIN) was a standout up 13.7% and finishing the session at A$48.20, hovering around its 52-week high. In the meantime, Anker Innovations (SZSE:300866) trailed, down 8.3% to close at CN¥112.95. This week, Anker's earnings report showed increased sales and net income for the first nine months of 2025 compared to the previous year.

Capitalize on Mineral Resources' growth by exploring their expanding iron ore and lithium operations click to learn more about their strategic investments and market positioning.

In our Market Insights article titled "Rare Earths: Tiny Market, Outsized Influence," we highlighted the critical role of rare earths in the energy transition, emphasizing the geopolitical urgency and investor opportunities in securing this strategic leverage. Don't miss out, get in fast to understand this pivotal sector.

Best Energy Transition Stocks

• Applied Materials (NasdaqGS:AMAT) ended the day at $235.75 up 3.6%, near its 52-week high.
• Chevron (NYSE:CVX) closed at $155.10 up 0.6%.
• Tesla (NasdaqGS:TSLA) settled at $461.51 up 0.2%. This week, the New York State Common Retirement Fund urged Tesla's shareholders to oppose the directors up for re-election and Elon Musk's pay package at the upcoming annual meeting.

Turning Ideas Into Actions

• Reveal the 188 hidden gems, such as Hitachi, Solar Industries India and Dongfang Electric, among our Energy Transition Stocks screener with a single click here.
• Searching for a Fresh Perspective? Outshine the giants: these 26 early-stage AI stocks could fund your retirement.

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
• "Shine, baby, shine: Solar energy is fuelling the energy transition at high speed" from Statkraft AS on GlobeNewswire (published 28 October 2025)

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