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President-elect Donald Trump's rhetoric notwithstanding, increased adoption of renewable energy sources is expected to continue. Amid climate change and the rising frequency of extreme weather events, the clean energy market is projected to surpass $2 trillion in size by 2032.
However, finding investment-worthy ideas in this space can be a difficult task, as the capital-intensive industry has struggled to gain traction during the Fed's high interest-rate regime. So, when brokerage firm Morgan Stanley double-upgraded this clean energy stock, it certainly grabbed attention.