Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes

#42063
Truman
Participant

Barron’s mentions:

The hunt for attractive renewable energy stocks is the focus of the cover story this week after the climate bill approved by Congress is set to unlock $370B for clean energy incentives and consumer benefits. Renewables are forecast to account for 60% of power generation in Western Europe by 2030 up from 35% today.

The percentage of renewable energy is seen climbing to 38% in both the U.S. and China over the same eight-year time period. Looking even further out, annual clean energy investment globally will have to hit $4T by 2030 to meet the widely held commitment of net-zero carbon emissions by 2050, according to a forecast from the International Energy Agency.

Even if those optimistic projections fall short, the rush of investments into clean energy is expected to boost share prices across the sector as the industry scales up.

For investors looking to get a jump – AES (AES), Bloom Energy (BE), Freeport-McMoRan (FCX), LG Energy Solution (OTCPK:LGCLF), Plug Power (PLUG) and Sunrun (RUN) are the six stocks called out as having the potential to surge with the new focus on renewables.