and pledged to revive the coal industry, it's done little to thwart the rise of clean energy.
Still, should there be a Democratic sweep in the November election, clean energy companies — and those who invest in them — stand to get a major boost. In a note Tuesday, Morgan Stanley said a Democrat-controlled Senate would likely result in several "more aggressive" policies that support clean energy. Those include a federal target for renewable energy, the extension or expansion of tax credits for wind and solar power, and perhaps even a national carbon tax.
The analysts laid out a dozen power companies set to benefit from those policies. To no surprise, many of them have made aggressive commitments to sell more clean energy. Patrick McMullan/Getty ImagesIf President Donald Trump is reelected — or former vice president Joe Biden wins the ticket, yet the Senate remains Republican-controlled — the analysts suspect that little will change as the industry transitions to cleaner forms of power.
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