Forget Boohoo shares! I’d buy these ethical stocks today

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Boohoo has gone from strength to strength over the past few years, with profits in the six months to 31 August rising 51% to £68.1m. With Arcadia falling into administration, there may also be opportunities for it to make bargain takeovers in the near future.But while the short-term future of the online clothing company looks bright, I’m less convinced for the long term. This is because of the ethical problems associated with the company, which may lead to lost consumers and a share price decline. From an investing point of view, I’d therefore prefer to invest in ethical stocks, which I believe can provide steady growth over the next few years. These are my top two picks.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…An ethical stock with a great dividendThe first stock that particularly grabs my attention is NextEnergy Solar Fund (LSE: NESF). This FTSE 250 share specialises in the solar energy sector and is focused on building a diversified portfolio of solar assets in the UK and Italy.I like it for a number of reasons. Firstly, in the UK, the renewable energy sector has seen rapid growth over the past few years. This has mainly been due to the need to decarbonise and address climate change. In fact, in 2019, over a third of the UK’s electricity was generated by renewable energy sources. This should continue to increase over the next few years as well, with governments aiming to be carbon-neutral by 2050.As well as its status as an ethical stock, NextEnergy Solar Fund has also seen profits grow recently. In fact, in the six-month period to 30 September 2020, profit before tax was £23.6m. This was an increase of 12% from the year before.Growth in profits has also been met by growth in the dividend. In fact, this year the group is targeting a dividend of 7.05p per share, up from 6.87p last year. This represents a dividend yield of over 6%. The fund also has a dividend cover of 1.2x. Although I normally like a higher dividend cover, it still means that profits can easily cover the dividend. Such a strong and large dividend is a further reason why I’d buy this stock today.Another renewable energy stockThe Renewables Infrastructure Group (LSE: TRIG) is another ethical stock that I would consider. Like NextEnergy Solar Fund, TRIG is fundamental to a zero-carbon future, yet it uses wind power instead of solar energy. I particularly like this stock due to its constant expansion over the past few years.This has been demonstrated by the recent acquisition of the East Anglia One offshore wind farm, mainly financed through an equity placing. Although I’m not a massive fan of the stock dilution, acquisitions such as these should still lead to increased profits in the future.A dividend of over 5% is also extremely tempting, especially because the last few years have seen consistent dividend growth. With renewable energy being the future, I therefore believe that this stock could be an excellent addition to any diversified portfolio. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Stuart Blair | Wednesday, 2nd December, 2020 | More on: NESF TRIG Image source: Getty Images Stuart Blair owns shares in The Renewables Infrastructure Group. The Motley Fool UK has recommended boohoo group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Stuart Blair Forget Boohoo shares! I’d buy these ethical stocks today Enter Your Email Addresslast_img

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