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U.S. stocks traded higher, with the Dow Jones index gaining around 150 points on Tuesday. Shares of bluebird bio, Inc. (NASDAQ: BLUE) shares fell sharply during Tuesday’s session after the company announced a proposed public offering of $150 million of common stock.
Piper Sandler analyst Kashy Harrison revised the rating on several Renewables & Alternative Energy companies. The analyst sees benefits accruing to the installers initially (FY24) and inverters eventually (FY25), with the rest of the stock in the coverage benefiting in the long term.
In this piece, we will take a look at the 12 most promising clean energy stocks according to analysts.
Analysts started coverage of First Solar, Enphase Energy, and Sunrun at Buy. Array Technologies and SunPower were initiated at Hold.
Analyst Dushyant Ailani is now calling for investors to get "aboard the solar coaster" with utility scale companies best positioned.