• 12
  • 1
  • Favorite

Climate bill incentives investment in energy-saving products, Morgan Stanley raises target price for equipment manufacturers

智通财经2022-09-02

Tax cuts and rebates in the tax and climate bill passed by the U.S. Congress will help drive sales, Morgan Stanley said, and on Thursday raised earnings estimates and price targets for heating and cooling system makers. It is understood that the Inflation Reduction Act approved by U.S. President Joe Biden last month incentivized the largest investment in energy-saving products in U.S. history. The bill allocates $21 billion for tax rebates and federal tax breaks to be used in the next 10 years. Improve people's housing energy efficiency within the year. Morgan Stanley analyst Joshua Pokrzywinski said in a note that the biggest top-line growth for equipment makers will come from...

Web link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial