If there was any piece of legislation in the history of the United States that was a huge boost for the green energy contingent it was the so-called Inflation Reduction Act (IRA). Under the guise of reducing inflation by spending hundreds of millions of dollars, most provisions of the act became effective on January 1, 2023.
While it may be hard to see how any inflation reduction will come from this, and many are still waiting on the Treasury to issue guidance on just exactly what all of the conditions and terms will be, Goldman Sachs sees big benefits for some top companies in the solar industry. Five top stocks the firm rates at Buy are highlighted in a new research report. See which ones.
This post appeared at 24/7 Wall St.