Clean Energy Weekly Tearsheet: Bay Area and Houston Bus Tour Takeaways; PRIM Leadership Changes; Adding FRVO to AFL

研报英文原文证据摘录

Clean Energy Weekly Tearsheet: Bay Area and Houston Bus Tour Takeaways; PRIM Leadership Changes; Adding FRVO to AFL

J P M O R G A N North America Equity Research

15 June 2026

Clean Energy

Weekly Tearsheet: Bay Area and Houston Bus Tour

Takeaways; PRIM Leadership Changes; Adding FRVO

to AFL

• Stocks under coverage decreased by 3.0% last week, on average,

underperforming the S&P 500 (up 0.6%). The biggest weekly outperformers

were Underweight-rated ENLT (up 5.2%) and Overweight-rated BMI (up

4.1%), while the biggest underperformer was Neutral-rated PRIM (down

19.0%).

Clean Energy, Power Infrastructure,

• Bay Area Clean Energy Manufacturing Bus Tour Takeaways. We hosted and Sustainable Investing

a Bay Area Clean Energy Manufacturing Bus Tour, where we met with Mark Strouse, CFA AC

management teams of Bloom Energy (BE/OW), Enphase Energy (ENPH/N), (1-212) 622-8244

and Nextpower (NXT/OW). In a very dynamic market, management’s tone mark.w.strouse@jpmorgan.com

was largely upbeat from both a near-term and longer-term perspective, driven Michael G Fairbanks

(1-212) 622-4908

by data center power demand, product innovation, scope of solutions, and michael.fairbanks@jpmchase.com

industry consolidation. Read our full note here.

Anna Zhu

(1-212) 622-0012• Takeaways from Meetings with PWR, FIX, STRL: Confidence Is High,

Selectivity Is Rising, Visibility Is Extending. We hosted an EPC bus tour in anna.zhu@jpmorgan.com

Houston, TX the first week of June, meeting with management from three of J.P. Morgan Securities LLC

the leading infrastructure contractors in the US — Quanta Services (PWR/

Overweight), Comfort Systems USA (FIX/not covered), and Sterling

Infrastructure (STRL/not covered). The overarching message across all three

meetings was consistent: demand is not the issue.