Goldman Sachs names 3 stocks to gain from Germany's $440 billion clean energy plans

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Berlin unveiled its multi-decade plan to spur investment in renewables partly in response to the Biden administration's Inflation Reduction Act.

Goldman Sachs named the three global companies it expects to benefit from the German government's plan to spend nearly half a trillion euros on renewable energy infrastructure. The German government announced draft legislation earlier this month, potentially serving as a template for the rest of Europe , that aims to protect its companies from high energy prices in the future.

line Meyer Burger Global engineering firm Meyer Burger also stands to win with Germany's shift toward renewables. According to Goldman Sachs, the company stands at an advantage as rising solar orders and potential incentives introduced under the European Union's Net-Zero Industry Act will help develop domestic supply chains within Europe. The Swiss company operates production facilities in the photovoltaic industry. This week, it launched solar tiles meant for roof coverings in Europe.

 

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