These 3 stocks are poised to benefit from the massive energy transition

The energy transition involves technologies ranging from renewables like solar and wind to electrical grid upgrades for increased power demand.the clean energy sector last year, surging electricity demands for everything from artificial intelligence to EV charging are expected to buoy the clean technologies industry.

Among renewables, First Solar has 31 Buy ratings, six Hold, and zero Sell recommendations. The Tempe, Arizona-based company is the largest supplier and domestic manufacturer of solar modules in the US, with a sales backlog extending beyond 2027.“FSLR is ahead of the curve and has established a robust domestic supply chain and manufacturing footprint, making it a large beneficiary of the IRA.

"NextEra's unregulated renewable business NextEra Energy Resources is uniquely positioned to capitalize on the growth of data centers," wrote Goldman Sachs' Davenport.Kevin O’Leary’s Stock Portfolio: 10 Stock Picks for 2024

Source: News Formal (newsformal.com)

Energy Transition Data Centers Clean Energy Clean Technologies Artificial Intelligence GEV Electrical Grid Domestic Manufacturer

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