J.P. Morgan sees another strong year of growth in renewables

Shoals Technologies

30/01/2023 17:22

** J.P. Morgan sees accelerating renewable energy demand in
2023 and beyond, driven by surging fossil fuel prices and global
decarbonization goals
    ** Brokerage believes solar is positioned to continue
gaining share vs other energy sources during 2023 as falling
input prices improve economic value
    ** Chooses Array Technologies Inc  ARRY.O , SolarEdge
Technlogies Inc  SEDG.O  and Shoals Technologies Group  SHLS.O 
as top picks in solar
    ** Sees U.S. utility-scale solar market bouncing back from
disruptions created in 2022 from geopolitical uncertainty 
    ** Brokerage expects the U.S. IRA (Inflation Reduction Act)
Production Tax Credit to further accelerate hydrogen deployment
and investment in the U.S., particularly relative to Europe,
over 2023  
    ** Says Plug Power  PLUG.O  is poised for "very strong
growth and profitability" with expansion into new markets in
2023
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))