Wall Street Favorites: 3 Renewable Energy Stocks With Strong Buy Ratings for April 2024

The CHIPS and Science Act of 2022 and the Defense Production Act are two examples of why renewable energy stocks can make a comeback, thanks to increasing regulatory activity as we move into the next U.S. election cycle. The iShares Global Clean Energy ETF (NASDAQ:ICLN) is down around 11% this year, but both the Republican and Democrat camps can lead to a revival thanks to new policy proposals coming to light. Analysts expect a “China shock 2.0” for U.S. stocks as China produces cheaper renewable energy goo ...