Snacks
Highs

Who's (potentially) up...

Snacks / Tuesday, January 19, 2021

The TLDR: Biden's "Build Back Better" plan is aggressively focused on clean energy and infrastructure. With a slim Congressional majority, Biden might not be able to push through all the spending. Buuuut: some initiatives might actually fly with Republicans, while others could be pushed through exec orders.

  • Green energy... Three words: "clean energy future." Biden has pledged $2T to clean energy innovation, partly through sustainable infrastructure and subsidies for green tech. Think: more EV charging stations, tax credits for buying electric, and incentives for wind and solar. Subsidies could encourage more delivery companies to buy e-trucks from companies like Workhorse, GM, and Rivian. On the wind and solar side, companies like NextEra Energy, Tesla, and First Solar could benefit from Biden's goal of a carbon-free power sector by 2035.

  • Infrastructure... could see some serious cash flowing in. Biden's plan pledges to "mobilize American manufacturing" to build a modern infrastructure — think: roads, bridges, buildings. Construction icons like Caterpillar and John Deere, and concrete-makers like Martin Marietta Materials and Vulcan Materials, could benefit from the building frenzy.

Get Your News

Subscribe and thrive

Snacks provides fresh takes on the financial news you need to start your day. Chartr provides data visualizations on business, entertainment, and society. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.