The U.S. needs 'another energy revolution to maintain its energy cost leadership,' the Wall Street investment bank said.
There's a $3 trillion energy revolution coming, and Goldman Sachs has a strategy to play it. While shale oil helped the U.S. become the world's largest oil and gas producer over the past decade, the industry is entering an age of decline, according to the Wall Street firm. Goldman Sachs expects that shale production will peak over the next three to five years.
mountain First Solar shares YTD Maxeon Solar Technologies shares are even higher this year, up almost 55%. In January, Raymond James upgraded the stock to outperform from market perform, saying Maxeon's manufacturing business in Mexico, Malaysia and the Philippines is attractively valued. Like First Solar, Maxeon is also ramping up its U.S. manufacturing. Meanwhile, for General Electric , the IRA will directly benefit its portfolio of energy businesses, GE Vernova, including wind energy.
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