Clean energy stocks have come under pressure this year following a record-setting 2020, but experts said supportive policies from the White House could fuel gains across the sector.
Valuations on these companies are also looking more attractive since a recent pullback in the sector, analysts said. "Alt Energy stocks have undergone a correction...but fundamentals remain very good, and arguably got better with the unveiling of the Biden infrastructure plan, so we think the pullback presents a buying opportunity broadly," JPMorgan said last Thursday.
Pro Zero chance it passes.
Pro As economies recover from the short-term impact of COVID-19, several forces will shape the energy transition in the decades to come, including electrification, the rise of hydrogen power, low-cost renewables dominating power markets, & emerging economies doubling their share