Yahoo Finance Video
As the US transitions to clean energy by implementing electric vehicle subsidies and electrical grid updates, Yahoo Finance's Ines Ferré breaks down three stocks that are best positioned to receive a clean energy boost. Higher interest rates last year put pressure on the clean energy sector, but increasing electricity demand is expected to benefit companies working on renewables this year. Coupled with Inflation Reduction Act (IRA) funding, the sector is already seeing accelerated production. On the turbine front, Ferré points to the success of GE Vernova (GEV), which recently spun off from General Electric (GE). The stock is up 17% since going public, and analysts continue to remain bullish due to increasing investments in the nation's electrical grids. She also highlights First Solar (FSLR), the largest supplier of domestically produced solar modules, with a backlog that will continue into 2027. First Solar has also secured major direct partnerships with data centers like Microsoft. In the utilities sector, NextEra Energy (NEE) is up 19% year-to-date. The company delivers energy through renewables, natural gas, and nuclear power. In its most recent earnings call, the CEO pointed to the domestication of industries in the US as a major tailwind, alongside data center energy usage. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
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