Investment analysts at Barclays, Citigroup, Bank of America, Goldman Sachs, and UBS are all cautioning that traditional power utility stocks will underperform because of the rise of distributed generation. “The Barclays warning follows a February report from the Rocky Mountain Institute concluding that solar-plus-storage could be cost-effective for tens of millions of utility customers around the country by 2024—putting revenue of $34 billion at risk for power companies,” Lacey writes. The flurry of economic analyses and downgrade warnings “[doesn’t] even include the series of reports from Wall Street projecting the coal industry’s decline.”
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