Shares of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) increased by up to 2 percent following UBS's initiation of 'buy' calls on the stocks. The brokerage highlighted a strong growth outlook for both companies, driven by their strategic focus on renewables and infrastructure financing. The firm favors PFC over REC
UBS pointed to the energy transition and rising infrastructure investments as key growth drivers, emphasizing that these factors support positive market momentum.
Shares of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) increased by up to 2 percent following UBS's initiation of 'buy' calls on the stocks. The brokerage highlighted a strong growth outlook for both companies, driven by their strategic focus on renewables and infrastructure financing. The firm favors PFC over REC
UBS pointed to the energy transition and rising infrastructure investments as key growth drivers, emphasizing that these factors support positive market momentum.
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