The world is going through a "rapid and transformational change" when it comes to energy, said Citi, naming four stocks to cash in. In particular, the solar sector should continue to see "unprecedented growth" due to geopolitical developments, a focus on ESG , and government incentives among other factors, the bank said in a March 9 note.
"These companies are leaders in their respective domains, are gaining market share, and growing more than overall growth in the sector," Citi's analysts wrote. They added that Enphase and SolarEdge have "adequate" geographic, customer, and product diversification, and named them as the largest direct beneficiaries of the U.S. Inflation Reduction Act incentives .
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Get woke, go broke