The electricity industry is transforming, according to Morgan Stanley, and multiple power producers, grid operators and utilities are set to benefit. "Power demand is booming, prices are inflecting, and cost to produce clean power has fallen by a third around the world since 2023, and more so in Asia," the investment bank's analysts outlined in an Oct. 23 note.
RWE RWE : Morgan Stanley notes that the German power giant, which generates and trades electricity, is exposed to "tight electricity markets rewarding flexibility + value creation in renewables in Europe & US." RWE is listed on the Frankfurt Stock Exchange and trades as an American Depository Receipt in the U.S. under the RWEOY ticker. The investment bank has a price target of 50 euros on the stock, giving it around 60% upside. AES Corp. AES Corp.