摩根大通：2026年清洁能源行业展望报告（英文版）

eading into 2026, we expect baseload power sources to remain top of mind for investors, though we expect the thematic trade to become more nuanced by individual stock fundamentals and valuation, rather than simply by exposure. Withinrenewables,weexpectanotheryearofoutperformancefortheutility-scale market,thoughweexpectatrendtowardslarger,morecomplexprojectsaswellas a more complex regulatory environment to lead to consolidation of upstream and downstreamproviders,generallyatailwindforpubliccom