Morgan Stanley just published a comprehensive guide to utility investing “” and handpicks 12 energy stocks to buy now

Morgan Stanley just published a comprehensive guide to utility investing “” and handpicks 12 energy stocks to buy now

Coronavirus has caused near-term volatility among utility stocks, but Morgan Stanley says investors should look through the noise.. Renewable energy has become so cheap that it's putting coal power plants across the country at risk.. Byrd's team also believes that the Atlantic Coast Pipeline - a Dominion Energy and Duke Energy project, which is set to run from West Virginia to North Carolina - "will not move forward due to legal challenges.". The team notes that "little to no value for this project is embedded" in stocks for Dominion Energy and Duke Energy.. The analysts said there's a risk of cost overruns and schedule delays for Southern Co.'s Vogtle nuclear project, but those risks are already reflected in the company's stock.. In the note, Byrd's team writes that the bank recommends a "barbell" approach to investing in utility stocks..