Three stocks to play the clean tech theme after Biden signed the largest climate bill in U.S. history

The recently signed into law Inflation Reduction Act is a gamechanger for renewable energy, and will benefit a number of stocks across industries, according to Morgan Stanley. The firm said the bill, which includes $369 billion for energy and climate initiatives, is a "big deal for U.S. clean tech." The legislation prompted Morgan Stanley to raise its growth and price targets across the industry.

Sunrun shares have surged more than 40% over the last month after the legislation's surprise announcement propelled stocks across the clean energy ecosystem higher. But the stock is still 42% below its recent high in November. The movement is not unique to Sunrun. Both the Invesco Solar ETF and the iShares Global Clean Energy Fund are up more than 20% in the last month, but still below their November highs by more than 10%.

Market is gonna tank because of this bill

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

JP Morgan quant who called summer rally says there's plenty of ammunition to drive stocks higher --- and here's whyJP Morgan quant who called summer rally says there’s plenty of ammunition to drive stocks higher — and here’s why Come on guys ! Buy - the volume is so low they need exit liquidity There goes the narrative of strong dollar gonna hurt internationals thrown out the door. I call this drawing in FOMO before the BIG DROP. Nah its over mate
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »