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

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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.

 

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