The beleaguered clean energy sector is finally showing signs of life, as Citi analyst Vikram Bagri discusses in the new research report,. Mr. Bagri sees four reasons the rally may continue: short covering, data centre demand, solar power development and new Chinese regulation.) as a proxy, the performance of the sector has been abysmal in recent years. The ETF fell 37 per cent between mid-January 2023 and the end of April this year.
U.S. Independent System Operators , regional organizations that co-ordinate power transmission, estimate a large increase in planned solar power generation. Mr. Bagri reports that the U.S. solar pipeline has increased by one terawatt to 2.3 terawatts, “Hence, it appears, solar will play a key role in datacenter buildout in the U.S. and investors are looking to gain exposure to the theme through renewable stocks.
The argument in favour of copper was straightforward when the commodity was in the doldrums last year: Copper is integral to a lot of modern pursuits, from AI to electrification to green energy, so it was just a matter of time before an investment would pay off. But with copper prices soaring this year, can investors hope to squeeze more out of the now-hot sector? David BermanMeme investing, after taking a couple of years off, is back in fashion again, driven by non-professional investors. Dr.
“By contrast, a sluggish Canadian economy has weighed on revenue growth for our banks and contributed to large and sustained increases in loan-loss reserves, making it difficult for the Canadian banks to grow earnings, which has weighed on their stocks. Taken together, this has produced a surprisingly large divergence in performance, which will be difficult for the U.S. banks to sustain,” he said.
Source: News Formal (newsformal.com)
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