2050 natural gas demand to grow 1% annually amid slower renewable energy transition, key stocks: General Electric Vernova, Baker Hughes, Cameco.

A McKinsey report reveals that the energy transition to renewables is slower than anticipated, with natural gas demand projected to grow 1% annually through 2050. Key stocks for investors include General Electric Vernova, which focuses on gas turbines and renewable energy, Baker Hughes, involved in natural gas and climate technology, and Cameco, a uranium and nuclear fuel-services company. These firms are positioned to benefit from ongoing shifts in the energy sector.

October 12, 2024
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