Clean Energy Space: Goldman Gives Power Grid & Hitachi a Buy, Schneider a Sell By Investing.com

Goldman Sachs Report on India's Clean Energy Sector:

• Highlights a rise in transmission capex due to the shift towards renewable energy sources.
• Initiates coverage on Power Grid, Hitachi, and Schneider, recommending buys and sells.

Power Grid Corporation of India (PGCIL) Analysis:

• PGCIL is seen as a significant beneficiary in India's energy transition.
• Strong financial position allows it to fund a portion of India's grid capex while maintaining dividends.

Hitachi Energy India Assessment:

• Positioned as a manufacturing beneficiary with growth potential in high-voltage transmission technology.
• Expectations of rapid earnings growth and favorable risk-reward profile.

Schneider Electric Infrastructure Evaluation:

• Poised to benefit from India's distribution system expansion but faces downside risks.
• Stock valuation appears high, considering expected returns and product technology.

InvestingPro's Stock Valuation Feature:

• Offers a fair value calculation for stocks, helping investors identify overvalued and undervalued stocks.
• Provides an opportunity to capitalize on valuation gaps and make informed investment decisions.