By Allegra Catelli and Michael Msika, Bloomberg Markets Live reporters and strategists
Huge plans for infrastructure investment in Europe are making electrification stocks increasingly attractive, especially given relatively undemanding valuations.
Europe is committed to greater defense and infrastructure outlays over the next few years, either directly or through tax incentives. Compared with expensive-looking defense stocks, electrification plays across industrials, utilities and renewables offer exposure to fiscal spending at a reasonable price. They’re also not flashing red on crowding indicators.
