“Shell Stock Could Soar 68%, Analyst Predicts”
December 23, 2020
“Shell (ticker: RDS.B) stock is down 42% this year, worse than the Energy Select Sector SPD exchange-traded fund (XLE), which is off by 33%.
But MKM Partners analyst John Gerdes says Shell shares could rebound by 68% as the company gets leaner and transitions its business to add more renewables. Gerdes thinks Shell’s investment in renewables isn’t just an attempt to mollify regulators; he projects that the projects that Shell is investing in like wind energy could offer 10% returns on average…”
I’m not ready to say buy for the energy sector right now. Wait for late January at the earliest unless your already in. That’s my opinion on the matter.