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☆ Buy steel stocks if Trump wins or clean energy plays if it's Harris, says JPMorgan
▼ + stars: | 2024-11-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Steel stocks would likely outperform under if former President Donald Trump returns to the White House, while clean energy providers might rally if Vice President Kamala Harris captures the presidency, according to JPMorgan. Clean Energy In the same 14-page report, JPMorgan shared the name of specific companies that are likely to benefit should either candidate prevail. Steel and aluminum Conversely, Peterson is bullish on steel and aluminum companies if former President Trump gets a second term. Shares of steel producer Nucor have tumbled nearly 18% in 2024 but could bounce back under a Trump victory, according to JPMorgan. Other potential winners under a Trump presidency include aluminum producer Kaiser Aluminum and rare-earth materials processor MP Materials , said JPMorgan.

Persons: Donald Trump, Kamala Harris, Harris, Bill Peterson, Peterson, EBITDA, William Grippin, Trump, Morgan Stanley, Carlos De, Martin Englert Organizations: White, JPMorgan, Trump, EV, Department of Energy's, Office, Democratic, UBS, DOE, Power, Energy, Republican, Steel, Nippon Steel, U.S . Steel, Seaport Research Partners, Aluminum Locations: Los Angeles, adj, 2H25, Charlotte, Cleveland

☆ UBS thinks this residential solar stock can gain more than 50%
▼ + stars: | 2023-10-02 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

UBS thinks it's time for investors to buy Sunnova Energy . Analyst William Grippin initiated coverage of the residential solar company with a buy rating and a $16 price target, which implies shares could gain 52.8% from Friday's close. Sunnova shares have struggled over the past year, losing more than 50%. The federal government provides ITC, or investment tax credits , to advance solar energy adoption through efforts that offset the upfront costs of solar installations, making solar energy more accessible for businesses and individuals. "However, on a 12-mo forward view, the residential solar market looks set for a recovery by 2H24, particularly if consumer funding costs ease."

Persons: William Grippin, Grippin, Sunnova, — CNBC's Michael Bloom Organizations: UBS, Sunnova Energy, NOVA, ITC Locations: Friday's, 1H24

☆ Buy this renewable energy stock that has as much as 47% upside, UBS says
▼ + stars: | 2023-05-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

UBS is initiating coverage of a key renewable energy company with a buy rating thanks to projects it's involved in that will benefit from the Biden administration's environmental efforts. The firm has a price target of $60 on Ameresco , which represents 47% upside against the stock's Monday closing price of $40.78. Ameresco is a diversified player in the renewable space with projects that range from solar power to landfill gas capture to battery storage. AMRC YTD mountain Shares of energy company Ameresco have declined roughly 18% from the start of 2023. "While this presents a near-term risk for AMRC, we ultimately expect the IRA to drive increased demand and lower project costs."

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