Key Takeaways
The energy transition in Europe, beginning around 2009, has augmented valuation multiples for Electric and Renewable Utilities.
President-Elect Biden is proposing to spend $2 trillion on alternative energy in the U.S. over the next four years, which will likely accelerate the U.S.’s energy transition.
We anticipate multiple expansion for leading low-carbon emitting Utilities in the U.S., including AGR, ED, EIX, EXC, and PEG.
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