Barclays analysts have indicated that electrification is a significant trend and have identified several stocks that will gain from this shift. In a research note published by Barclays, the analysts highlighted the need to expand and modernize the electric grid to meet the demand.
For a better electric grid, needs to change the grid characteristics and make it strong enough to withstand extreme weather conditions. They highlighted the electric grid with a clean, reliable, affordable, and enhanced energy transition.
Barclays indeed several companies that are well positioned. The stocks are going to be a multi-bagger in the future. And by the changing grid provides the stocks with lots of exposure to the market. One of the stocks is MasTec which is expertise in engineering.
On the other hand, Schneider Electric is supporting the EV charging infrastructure, electricity distribution networks, and safe power systems. At last, the nVent electric has also had the potential to grow and give better returns(4-6% year-on-year growth).
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