The transition of the global energy market from fossil fuels to renewables will certainly create some excellent long-term investing opportunities, but one Wall Street analyst said Monday that clean energy stocks are facing elevated risks in the near-term.
Analysts at UBS are bearish on several U.S. retail stocks. A predicted consumer spending slowdown will trickle down to the industry’s earnings for the remainder of the year, they said.
Jay Sole downgraded five U.S. retail stocks and lowered 2023 calendar year estimates by 10%. The five stocks downgraded from a Neutral rating to Sell: