Asset Managers Bet Grid Stocks to Defy Trump’s Anti-ESG Era
- US grid equipment index is up about 6% since Nov. 5 election
- Electric grid seen as haven amid renewables policy uncertainty
Night view of Manhattan's skyline.
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After watching wind and solar stocks plummet in the hours after Donald Trump’s election victory, asset managers are zeroing in on a corner of the green transition they say will defy the president-elect’s anti-ESG agenda: the grid.
One day after the election, analysts at TD Securities told clients that grids and the equipment needed to build them now represent one of “the best-positioned energy transition sub-sectors.”