- Sunnova Energy and Albany International are first-time entries for the climate change segment, while the other three had graced the list before.
- A company must be rated "buy" by the bank and have "high or medium exposure" to the climate change theme to be included as a primer pick, the note said.
- Visit the Business Insider homepage for more stories .
ADVERTISEMENT
These are the 5 companies Bank of America just added to its quarterly list of top climate-change stock picks (NOVA, AIN, CWEN, SNPS, TXN)
Bank of America Merrill Lynch added five companies to its list of "primer picks" companies in the climate change space.
climate change
ADVERTISEMENT
Bank of America Merrill Lynch added five companies to its list of "primer picks" related to climate change efforts.
The bank published the fourth-quarter update to its primer picks list Tuesday, adding 63 companies in total. The list covers industry themes including big data, robotics, education, and space.
Sunnova Energy and Albany International are new entries for the climate change segment, while the other three had graced the list before. BAML removed four companies from the theme. Current members include Tesla , Amazon , and Alphabet .
ADVERTISEMENT
A company must be rated a "buy" by BAML and have "high or medium exposure" to its respective theme to be included as a Primer Pick, the note said.
Here are the five companies added to the bank's list of climate change primer picks, by descending market cap.
Texas Instruments (TXN)
BusinessInsider USA Images
ADVERTISEMENT
Markets Insider
Market Cap: $119.4 billion
Year-to-date performance: up 35%
Sub-sector: Semiconductors
Theme exposure: Medium
ADVERTISEMENT
Synopsys (SNPS)
BusinessInsider USA Images
Markets Insider
Market Cap: $20.4 billion
Year-to-date performance: up 62%
ADVERTISEMENT
Sub-sector: Energy Efficiency - Internet of Things
Theme exposure: Medium
Albany (AIN)
BusinessInsider USA Images
Markets Insider
ADVERTISEMENT
Market Cap: $2.61 billion
Year-to-date performance: up 36%
Sub-sector: Energy Efficiency - Industrials
Theme exposure: High
Clearway Energy (CWEN)
ADVERTISEMENT
BusinessInsider USA Images
Markets Insider
Market Cap: $1.42 billion
Year-to-date performance: up 12%
Sub-sector: YieldCo
ADVERTISEMENT
Theme exposure: High
Sunnova Energy (NOVA)
BusinessInsider USA Images
Markets Insider
Market Cap: $786.9 million
ADVERTISEMENT
Year-to-date performance: down 17%
Sub-sector: Solar
Theme exposure: High
See Also:
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
A look into the diverse tax reforms being implemented across Africa
Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment
China dethrones USA as the most influential global power in Africa: Report
Major African economies expecting inflation ease into next year, except Nigeria
10 African countries with the lowest price changes in household commodities
Dangote refinery outranks Europe's 10 largest refining facilities
Africa may just have the lowest level of cyber threats compared to other regions
A look into Kenya’s Shs1.1 billion climate funding from the UK