Morgan Stanley adds this beat-down energy stock to its list of best up-and-coming ESG plays

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The newly added company is working towards having no exposure to coal by 2025.

There are some stocks that can use socially responsible corporate decisions to enhance the business and boost shares in the long term — and one sold-off energy name now fits the bill, according to Morgan Stanley. Analyst Stephen Byrd updated his list of top rate-of-change stocks, which refers to a screening framework used to find companies making changes that are good for society and can also improve the business and boost the stock.

Still, the majority of analysts have buy ratings on the stock, with the average price target implying shares could rally more than 40% in the next year, according to Refinitiv. AES YTD mountain AES, year to date The other stocks in his top ideas list for the Americas — Deere , Eastman Chemical , New Fortress Energy and Nu Holdings — remained.

 

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