Next year should be a pivotal one for clean energy companies — and certain stocks are poised to stand out in the crowd, said JPMorgan.
Next year should be a pivotal one for clean energy companies — and certain stocks are poised to stand out in the crowd, according to JPMorgan. Supply constraints and Covid-related dislocations have made for a difficult 2022 for clean energy names, analyst Bill Peterson said. Those headwinds will abate further into 2023, but companies will also be contending with rising interest rates and a potential recession.
Hydrogen company Plug Power is a leader in the emerging global hydrogen ecosystem, Peterson said. Positive catalysts for the business include Plug's green hydrogen and electrolyzer segments, as well as the growing mobility and stationary power segments, he said. "The company continues to innovate, pursue global partnerships and acquisitions, and win customer bookings across its lines of business," Peterson wrote.
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