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The addressable market for clean energy companies is expanding and the costs to generate renewable energy continue to decline as firms benefit from economies of scale. Here, we take a look at two beaten-down stocks part of the clean energy sector.
These companies are American Superconductor (AMSC) and Advent Technologies (ADN). Shares of AMSC are down 38% year to date and ADN has lost 44% in market value in 2021. However, Wall Street expects these stocks to stage a comeback in the second half of this year.
