Europe's utilities sector may have come under pressure over the past three years, but Goldman Sachs says a shift is underway, naming stocks to play the industry in 2024.
But things are looking up for Europe's utilities sector, according to Goldman Sachs' analysts led by Alberto Gandolfi.
Stock picks German energy company RWE is among the stocks highlighted by Goldman, which said it continues to value its renewables business.
Goldman has a buy rating on the stock, which is also on its conviction list of top picks.
The bank has a price target of 22 euros on the company, giving it just over 33% potential upside.
Persons:
Goldman Sachs, Alberto Gandolfi, inflecting, Goldman, Solaria, — CNBC's Michael Bloom
Organizations:
Renewable Energy, U.S . Federal Reserve, Italian Hydro
Locations:
Ukraine, Spanish