NOVA - Sustainable energy heavy infrastructure on the ballot Nov. 3
Traders are doing plenty of scenario-planning to figure out what each election outcome would mean for various infrastructure sectors.Joe Biden has promised to invest $2T in clean energy infrastructure, and if he were to win, it could give a boost to renewables and other sustainable stocks. Think about NextEra Energy (NEE), Brookfield Renewable Partners (BEP), Enphase Energy (ENPH), TerraForm Power (TERP), Enbridge (ENB), Pattern Energy (PEGI), Renewable Energy (REGI) and Duke Energy (DUK).Money could also be thrown at the solar industry, benefitting shares of First Solar (FSLR), Vivint Solar (VSLR), Sunnova (NOVA), Tesla (TSLA), SunPower (SPWR), Sunrun (RUN) and Enphase Energy (ENPH).Biden has additionally pledged to a vehicle charging network rollout, and while he may be the best outcome for EVs, President Donald Trump said during the first presidential debate that he is "all in" when it comes to electric cars. Related: Tesla (TSLA), Blink Charging (BLNK), Switchback Energy (SBE)
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Sustainable energy, heavy infrastructure on the ballot Nov. 3