JPMorgan on clean tech stocks: It's going to get worse before it gets better

There could be more pain ahead for clean technology stocks — but there may be a buying opportunity for long-term investors, according to JPMorgan. Analyst Bill Peterson said clean technology stocks have seen sentiment become even more challenged following the second-quarter earnings cycle, as investors struggle to digest sliding demand trends, inflation and project delays.

But he also emphasized that the recent pullback also presents a buying opportunity for longer-term investors, even if third-quarter earnings are muted. Here's a few of the names he recommends: For investors looking for places to hide in the sector, he said hydrogen and electric vehicle charging are considered relatively safer in the long term, even though the upcoming third-quarter earnings reports will likely be muted.

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JPMorgan chief Dimon to sell some of his own company stock for first timeJPMorgan Chase (JPM.N) Chief Executive Officer Jamie Dimon will sell part of his stake in the largest U.S. bank next year for the first time in almost 18 years at the helm, the bank said on Friday.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »