October 25, 2020

JOE'S BEST DEBATE ANSWER:

Alternative energy stocks are on a tear and there's more upside ahead, says JPMorgan (Pippa Stevens, 10/25/20, CNBC)

Alternative energy stocks, including those focused on solar, are on a tear this year due to falling costs as well as optimism around supportive policies from a Biden administration, and JPMorgan believes there's more upside ahead.

"Long-term fundamentals for the overall space remain compelling, and we think the industry is more suited to long-term investors than at any prior time during our coverage," the firm said in a recent note to clients.

JPMorgan noted that the stocks in its alternative energy coverage universe have gained, on average, more than 130% this year compared with the S&P 500′s roughly 7% rise. Still, the firm said the risk-reward continues to look favorable, especially for companies involved in distributed power generation.

Just tax the bejeebies out of fossil fuels.

Posted by at October 25, 2020 12:00 AM

  

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