Morgan Stanley lays out 12 energy stocks set to soar in the wake of a 'blue sweep' in November's election
and pledged to revive the coal industry, it's done little to thwart the rise of clean energy.
Still, should there be a Democratic sweep in the November election, clean energy companies — and those who invest in them — stand to get a major boost. In a note Tuesday, Morgan Stanley said a Democrat-controlled Senate would likely result in several "more aggressive" policies that support clean energy. Those include a federal target for renewable energy, the extension or expansion of tax credits for wind and solar power, and perhaps even a national carbon tax.
The analysts laid out a dozen power companies set to benefit from those policies. To no surprise, many of them have made aggressive commitments to sell more clean energy. Patrick McMullan/Getty ImagesIf President Donald Trump is reelected — or former vice president Joe Biden wins the ticket, yet the Senate remains Republican-controlled — the analysts suspect that little will change as the industry transitions to cleaner forms of power.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Emails: Palantir blames Morgan Stanley for 'blemished' direct listing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Biden victory to help losing stocks at expense of leaders, JPMorgan says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Stock market investing, picks for $1 trillion growth of space industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Stock picks for housing boom from 20-year hedge fund veteran - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Stock picks to buy, best investing ideas for volatile Q4 2020 from RBC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Tesla stock analysis: Billionaire Chamath Palihapitiya says it's still undervalued - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »