NYSE:BEP - Post Discussion
Post by
retiredcf on Aug 17, 2022 9:41am
Scotiabank
Scotiabank analysts are now very bullish on renewable power stocks,
“Scotiabank GBM analyst Jean-Michel Gauthier notes that TSX Renewable names have been surging in our SQoRE Canada [quantitative] rankings in the last few months, with the recent earnings season results confirming a strong Growth turnaround. The Russian invasion of Ukraine has proven a powerful catalyst for renewed interest in clean energy stories, propelling Momentum higher. With Growth metrics joining the party and the sector offering a high Quality profile, Renewables could offer a solid defensive Growth trade at a time of macro slowdown. As a reminder, BLX entered our Canada Top 30 list at the start of August … Scotiabank GBM analyst Justin Strong adds that we have seen significant interest from investors in the renewable space YTD, with renewable power names outperforming the energy index as well as pipeline and midstream companies over the last month. The renewable group should benefit from an increasing focus on renewables development in the U.S. and energy security concerns, which improve the global outlook of growth for the group. Our favourite names are Boralex, Brookfield Renewable and Northland Power.”
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