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According to a Deloitte report, concerns over climate change and support for environmental, social, and corporate governance (ESG) policies should drive the renewable energy sector’s growth in 2022. Moreover, President Biden’s support for building a clean energy economy and increasing renewable energy adoption should further fuel the industry’s growth.
Given this backdrop, Wall Street analysts recommend buying renewable energy stocks Equinor ASA (NYSE:EQNR), TPI Composites, Inc. (TPIC), and Beam Global (BEEM). So, we think it could be worth adding these stocks to one’s watchlist.
