Morgan Stanley's top clean power picks including 2 stocks with 80% upside

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

United States News News

United States United States Latest News,United States United States Headlines

The firm has stocks to watch as green energy becomes more popular.

The U.S. clean energy landscape can gain favor as green electricity becomes more affordable — and Morgan Stanley sees stocks poised to benefit. Technological innovation can help improve efficiency and deflate the per-cost unit of green electrons by a third, analyst Mayank Maheshwari said. Solar and onshore wind, for example, will on average be about 35% cheaper than fossil fuels by 2030.

mountain Sunnova vs. New Fortress this year On the other end of the spectrum, oil giant Exxon Mobil has the smallest anticipated upside of the group, with the firm forecasting shares should rise around 19% to a base price target of $121 per share. The stock has slipped nearly 8% this year, sliding along with many other energy names after 2022's rally. Maheshwari said the company has a leading position in carbon capture and clean hydrogen and ammonia.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines