The clean energy sector faces a volatile second half of the year as interest rates are expected to remain higher for longer and the U.S. presidential election creates uncertainty over what future regulations will look like, according to JPMorgan analysts.
Meanwhile, Hannon Armstrong currently pays an above-average market yield of 5.2%, according to FactSet data. Profits hit TPI Composites' profitability has been hit by the downturn in wind energy caused by higher interest rates raising financing costs. But JPMorgan expects more visibility into the company's volumes and margin recovery during the second half of the year due to contracts already booked and improving customer demand.
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