Higher rates are killing the clean energy stocks—BofA says these are worth buying

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Bank of America is eyeing these renewable stocks to ride out turmoil in the sector.

There's still value to be found among renewable energy stocks despite a rout, according to Bank of America. Leading renewable stock NextEra Energy Partners trimmed its growth forecast earlier this week, sparking a sell-off in the cleantech sector that has lasted for several days. Its stock tumbled about 27% so far this week, while its parent NextEra Energy is down 15% over the same period.

mountain FirstSolar stock. The firm's $45 per share price target on Nextracker represents more than 26% upside from Wednesday's $35.67 close. Dumoulin-Smith said shares could rise even higher if solar panel projects gain steam or if the cost of steel and freight transportation meaningfully decline. Shares have ticked up more than 9% from the start of 2023. NXT YTD mountain Nextracker stock. The firm maintains a $30 price target on Array Technologies and $96 for ConEd.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Bank of America says long-term investors should should buy these beaten-up bank stocksThe recommendation comes even as surging bond yields have the potential to slow the economy and damage the financial sector, weighing on bank stocks.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Higher rates are killing the clean energy stocks—BofA says these are worth buyingBank of America is eyeing these renewable stocks to ride out turmoil in the sector.
Källa: CNBC - 🏆 12. / 72 Läs mer »