Goldman Sachs expects the stocks to benefit from a 'growing urgency' to meet sustainability goals.
Many under-the-radar stocks are key to a green energy transition, according to Goldman Sachs — and it expects them to take off in 2023. The Wall Street bank said investor focus on large renewable energy and energy efficiency stocks in previous years means that companies further down the supply chain have been overlooked.
Despite much talk of a transition away from burning highly polluting energy sources, the world's fossil fuel dependency continues . However, Goldman said there was a "growing urgency to accomplish key Sustainable Development goals," given the pressure on energy supplies following Russia's invasion of Ukraine.
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