After the clean energy stocks hit a record high in 2020, their returns this year have been mediocre, but JPMorgan Chase believes that various catalysts in the second half of the year will push these stocks higher.

Looking ahead, the company pointed out that Biden’s infrastructure plans, the progress of the United Nations Climate Change Conference (COP26) in the fall, and the reduction in raw material rigidity are factors that support the upward trend.

“In the second half of 21 years, we passed positive factors in the global alternative energy sector,” the company said in a report to customers on Tuesday. “From now to the end of the year, we have seen many positive catalysts, which we believe will support the share price performance of the alternative energy industry.”

 

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By Peter

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