(Bloomberg) — Concern about an economic slowdown has struck equities hard in the past three days. Amid the bloodbath, utilities — perceived as safer — have fared better than others. While the sector is up 17% for the year, it masks strong winners and losers within it. Renewables in particular have outperformed, given that many European governments are looking to boost spending on tackling climate change. Government policies globally are increasingly supporting net-zero carbon targets, underpinning the growth ambitions of utilities including Orsted, RWE, Enel, SSE and EDPR, which are poised to benefit from structurally growing capex pipelines, Bank of America Merrill Lynch says. The analysts estimate renewable players will enter a “golden age” with investments doubling from current levels to 60 billion euros per year. Goldman Sachs analysts are on the same page and said back in August that “climate champions” will benefit from an unprecedented growth to 2030, a call they reiterated last week after the announcement of the German climate package. They forecast a 9% to 12% compounded annual growth rate (CAGR) for those stocks. In a highly fragmented renewable market Goldman has a clear preference for six utility plays: RWE, Orsted, EDP, EDPR, Enel, SSE and… Read full this story
- 3 green water start-ups you should watch
- Government funds, VCs boost green-tech start-ups
- IBM: "Big Blue" looks at little green guys and sees big future
- Green-tech pros gird for stimulus jolt
- Pantone's Color of the Year Is Basically Green Juice
- Whatever happened to green IT?
- Green-tech VCs suffer from social-media 'deal envy'
- Green tech: Now comes the hard part
- 2007: How was it for green IT?
- Microsoft's Start Menu Repair Tool Fixes Common Windows 10 Start Menu Annoyances
Green Utilities Are Starting to Outperform have 265 words, post on finance.yahoo.com at October 4, 2019. This is cached page on NGHONG. If you want remove this page, please contact us.