3 Red-Hot Stocks to Profit From the Electrification of Everything Trend
The "electrification of everything" trend is real and permeates all areas of the economy. From the consumer (electric vehicles, charging infrastructure, connected homes) through the industrial sector (automation, smart buildings) and infrastructure (renewable energy, transmission and distribution, electric rail, smart infrastructure), the world is electrifying.
It's an exciting investment theme, and I think copper miner Freeport-McMoRan (NYSE: FCX), electrical products maker nVent Electric (NYSE: NVT), and power and sending technology company ON Semiconductor (NASDAQ: ON) are great ways to play it. Let's take a look at each company.
Copper is an essential part of the electrification trend. It is a critical material in transmission and distribution networks and is also heavily used in storage technology.
Source Fool.com
Freeport-McMoRan Inc. Stock
With 20 Buy predictions and not the single Sell prediction the community is currently very high on Freeport-McMoRan Inc..
With a target price of 52 € there is a slightly positive potential of 9.42% for Freeport-McMoRan Inc. compared to the current price of 47.53 €.
