To say that the Biden administration’s recently enacted Inflation Reduction Act of 2022 (IRA22) has given the renewable energy industry a shot in the arm would be an understatement. It is no surprise that an infusion of around $385 billion in federal dollars over 10 years is going to make a big difference.
Analyst Brian Lee and his team at Goldman Sachs have issued new ratings on four solar energy stocks and changed their price targets on another six. The analysts also have raised their demand forecasts for solar energy through 2030.
Goldman’s previous estimate for solar capacity growth through 2025 rose from 25% to a new estimate of…
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