Evercore ISI just launched coverage on the clean energy sector. These are the firm's top picks

Evercore ISI launched coverage on sustainable technology and clean energy stocks Monday evening, calling the energy transition an "investment mega theme."

"We believe this transformation of the global economy will create enormous investment opportunities," the firm said, noting that more than $130 trillion will need to be spent between now and 2050 as renewable energy adoption accelerates. "This is a transformational effort; a complete energy, industry and mobility system overhaul," the firm said.

Analysts led by James West compared the pace and scale of the investment needed to the oil shale revolution in the U.S., which saw production triple in the span of a decade. There are also parallels to the dawn of the internet age. The firm said that if 2020 kicked off the climate decade, 2021 will be the accelerant. With that in mind, here's how the firm rates some of the key players in the space.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fundstrat’s Tom Lee says energy stocks could rally another 45%Energy is the top-performing S&P 500 group this year, and Fundstrat's Tom Lee believes there's more upside ahead for the sector as oil prices chug higher. Pro He's such a permabull clown. No one takes him seriously, esp considering how much he backtracks on his forecasts. Pro The Corporate Capitalist Consumerist Show must go on to keep the masses enthralled with nonsense while the Oligarchs take the fruits of production from The Workers
Source: CNBC - 🏆 12. / 72 Read more »