Clean Energy & Power Infrastructure: Weekly Tearsheet: JPM Natural Resources Conference Takeaways, GEV Wins Order for 2.6 GW Project, NXT Acquires European Solar Provider

研报英文原文证据摘录

Clean Energy & Power Infrastructure: Weekly Tearsheet: JPM Natural Resources Conference Takeaways, GEV Wins Order for 2.6 GW Project, NXT Acquires European Solar Provider

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

29 June 2026

Clean Energy & Power

Infrastructure

Weekly Tearsheet: JPM Natural Resources Conference

Takeaways, GEV Wins Order for 2.6 GW Project, NXT

Acquires European Solar Provider

• Stocks under coverage decreased by 5.3% last week, on average,

underperforming the S&P 500 (down 2.4%). The biggest weekly

outperformers were Overweight-rated MWH (up 4.7%) and Overweight-rated

XYL (up 4.5%), while the biggest underperformer was Overweight-rated BE

(down 23.4%). We believe the MWH outperformance reflects positive

Clean Energy, Power Infrastructure,

commentary at the JPM Natural Resources conference despite PRIM’s recent and Sustainable Investing

downward revisions to its renewables business, and the XYL outperformance AC Mark Strouse, CFA

was driven by the company’s recent partnership with the City of Houston to

(1-212) 622-8244

deploy its flood-intelligence platform. mark.w.strouse@jpmorgan.com

• J.P. Morgan Natural Resources Conference Takeaways. We hosted Michael(1-212) 622-4908G Fairbanks

sessions with 15 companies at the 11th annual J.P. Morgan Natural Resources michael.fairbanks@jpmchase.com

Conference this week in NY, spanning EPCs, fuel cells, geothermal, solar, and

Anna Zhu

energy storage. With the exception of PRIM, which negatively revised (1-212) 622-0012

guidance, company commentary was generally very upbeat, with strong anna.zhu@jpmorgan.com

demand and pricing, building backlogs, and either a supportive or better than J.P. Morgan Securities LLC

feared policy backdrop. Read the full note here.