UBS expects good quality energy suppliers to perform well, even against a backdrop of rising interest rates.
Skyrocketing energy costs have spurred investment in renewable energy across the world. The U.S. revealed plans to spend $370 billion on new energy provisions through its Inflation Reduction Act , while the European Union's REPowerEU plan targets 210 billion euros in investment. Companies across the sector are reacting accordingly with plans to replace traditional thermal generators, such as those fed by coal, oil and gas, with renewable energy sources powered by wind, solar and nuclear.
The below table shows the 10 global stocks, buy-rated by UBS, with the biggest upside. Shares of Texas-based energy company Vistra Corp are expected to soar by 51% over the next year, according to UBS' $35 price target. Last year, Vistara's stock beat the broader market with a 2% return. The S & P 500 , meanwhile, fell by 20%. Vistra is already the largest "competitive power generator" with a 39-gigawatt total capacity.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
These stocks set for high profit margins could rally more than 50% ahead, according to analystsMarkets are grappling with recession fears and inflation. Buying shares in companies with resilient margins is one way to protect your portfolio, Goldman said.
Baca lebih lajut »
At 50, Tracee Ellis Ross Is Toned, Glowing, and Fresh-Faced in Latest Bikini PhotosTracee Ellis Ross, 50, Glows in Latest Fresh-Faced Bikini Photos
Baca lebih lajut »
The 50 New Jersey dishes you need to eat in 2023Here are 50 must-try dishes to try this year, from our ever-hungry food team
Baca lebih lajut »
Jennifer Garner, 50, Says This Is the Best Skincare Advice She’s Ever ReceivedJennifer Garner, 50, Reveals the Best Skincare Advice She’s Ever Received
Baca lebih lajut »
China: Plug-In Car Sales Increased By 50% In November 2022The overall car sales in China decreased in November, but the plug-in electric car market does not stop growing, not even for a while.
Baca lebih lajut »
Take 50% off a lifetime subscription to these at-home piano lessonsA deal you don’t want to miss!
Baca lebih lajut »