The U.S. clean energy landscape can gain favor as green electricity becomes more affordable — and Morgan Stanley sees stocks poised to benefit.
In the U.S. and Asia specifically, solar, energy storage and green hydrogen will help bring an underappreciated cost deflation, he said.
"With increased competitiveness over fossil fuels, clean power will metamorphose the electricity landscape, overtaking fossil-based generation by 2030."
See which stocks are on the list below: Solar stock Sunnova made the cut, with Maheshwari's base case price target of $42 implying an upside of around 83%.
There's no additional customer growth from the upcoming shift in green energy currently priced in, he said.
Persons:
Morgan Stanley, Mayank Maheshwari, Maheshwari, There's, — CNBC's Michael Bloom
Organizations:
Energy, NOVA, New, Exxon Mobil, Chevron
Locations:
U.S, Asia, Chevron