3 Under-the-Radar Clean Energy Stocks With Upside Potential, Regardless Of Who's In The White House
Portfolio Pulse from Surbhi Jain
The clean energy sector is poised for growth in 2024, with three under-the-radar stocks—Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI), TPI Composites Inc (TPIC), and Prysmian Group SpA (PRYMF, PRYMY)—showing strong upside potential. These companies are well-positioned to benefit from favorable market conditions and strategic initiatives.
July 16, 2024 | 1:33 pm
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POSITIVE IMPACT
Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI) recently earned an investment grade rating from Fitch, which should lower its cost of capital and support stable spreads. The company's decreasing reliance on public capital further reduces negative surprises.
The investment grade rating from Fitch will lower HASI's cost of capital, supporting its financial stability and growth. The reduced reliance on public capital minimizes risks, making it an attractive investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Prysmian Group SpA (PRYMF) is well-positioned to capitalize on electrification trends driven by data centers, mega projects, grid investments, and the IRA. The company's potential for capacity expansion adds to its upside potential.
Prysmian Group's focus on electrification trends and potential capacity expansions position it well for growth. The company's strategic initiatives and market conditions support its upside potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Prysmian Group SpA (PRYMY) is well-positioned to capitalize on electrification trends driven by data centers, mega projects, grid investments, and the IRA. The company's potential for capacity expansion adds to its upside potential.
Prysmian Group's focus on electrification trends and potential capacity expansions position it well for growth. The company's strategic initiatives and market conditions support its upside potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TPI Composites Inc (TPIC) is set to benefit from increased order activity from wind OEMs and potential manufacturing expansions under the Inflation Reduction Act (IRA). The company's diverse segments and growth in the wind energy sector make it a promising investment.
TPIC's growth is driven by increased order activity from wind OEMs and potential expansions under the IRA. The company's diverse segments and focus on wind energy position it well for future growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100