Morgan Stanley said high utility costs and growing consciousness may drive a consumer shift to environmentally friendly products in residential housing — and there's a group of stocks that could benefit. The firm's economists said the U.S. could be nearing an inflection point in the housing cycle if interest rates peak in the second half of this year before giving way to a broader recovery through 2024.
mountain Sunnova and Sunrun's 2023 HVAC company Trane Technologies is one stock can that benefit from the trend of home replacement projects typically including more environmentally friendly options, Sanchez said. Despite concerns that high replacement rates may not continue, she noted opinions from colleagues saying there could be more staying power than expected. Not everyone on Wall Street is optimistic about the climate-conscious company.
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