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Clean energy stocks have come under pressure this year after a record 2020. However, experts said White House supportive actions could lead to industry-wide profits.
Valuations for these companies are also looking more attractive due to a recent decline in the industry, analysts said.
“Alt Energy stocks have been corrected … but fundamentals remain very good and seem to have improved with the reveal of the Biden infrastructure plan. We believe the pullback is broadly a buying opportunity,” JPMorgan said Thursday.
President Joe Biden’s $ 2 trillion infrastructure plan, unveiled last week, includes hundreds of billions of dollars aimed at addressing climate change.