It didn’t make many big news channels, but back on January 1, 2023, the government released $391 billion. The destination: a select group of companies whose stocks could see double-digit gains this year.
This isn’t your usual pork-barrel spending. This is the Inflation Reduction Act (IRA), a sweeping bill designed to ease Americans’ pocketbook-pinch. But, if you dig just beneath the surface of the IRA, you find a particular emphasis on clean and renewable energy initiatives. There’s a focus on achieving climate-related goals through the advancement of clean energy via tax credits and incentives.
These are the five stocks that could benefit the most…
This post originally appeared at Money Morning.