As the stock market became more unstable as a result of the US key rate rise and Russia’s invasion of Ukraine, JP Morgan advocated infrastructure-related companies as a safe haven.
JP Morgan stated that “stocks concentrating on future transportation have remained excellent” and that “electric or hydrogen transportation will expand owing to rising coal prices,” according to a CNBC broadcast on the 1st (local time). As industry leaders, we’ve chosen three stocks to keep an eye on. Plug Power, a hydrogen energy firm based in the United States, and Charge Point, an electric car charging provider, have released EV High (9.06 -5.63 percent) C.
Plug Power is JP Morgan’s first stock. It is projected to profit from worldwide policies that support hydrogen as an alternative fuel source, such as those in Europe. Last month, Plug Power obtained a contract with Walmart, a prominent US store, to deliver 20 tons of liquid green hydrogen each day. Walmart’s logistics and fulfillment facilities will employ renewable hydrogen provided by Plug Power to power lift vehicles.
Chargepoint, a firm that provides electric car charging, is also suggested. Among electric car charging infrastructure firms in North America, Chargepoint has the biggest market share. It provides charging network services, as well as electric car charger production and installation.
In January, JP Morgan assigned the charge point an investing view of ‘growing weight.’ “Profits are likely to expand over the next several years owing to the provision of network services and software,” according to JP Morgan. EV High was chosen as the best option. Partnerships with Uber, Lyft, General Motors (GM), and Toyota are thought to have high future development potential. “EV Significant is carefully picking a site for a big urban region such as California, where electric vehicle penetration is high, has enormous potential for expansion,” said Bill Peterson, an analyst at JP Morgan.
