An underappreciated small cap worthy of an energy investor's interest

Описание: The energy transition is one of the most defining investment themes of our lifetime. And there is no doubt that the biggest money from institutional investors is not only investing in it but they are in it for the long haul.

Bloomberg data reveals global investment in the energy transition climbed 17% in calendar 2023 to a new record of US$1.77 trillion. Here in Australia, the Albanese administration's "Future Made in Australia" package will provide nearly $23 billion to a range of stakeholders who are involved in renewable energy, critical minerals, and clean energy projects.

For professional impact investors like Hari Balkrishna of the T. Rowe Price Global Impact Equity - I Class, the energy transition is far more than just a "net zero" mission.

"If you think about the core energy transition, in terms of the mix of how energy has to change, it's too simplistic to say that renewable energy is the solution," Balkrishna says before adding that "an equally important part tends to be decarbonising heavy industries."

In this episode of The Pitch, Balkrishna goes deep into the subject of the energy transition and how companies around the world are making their mark on this important investment theme. Plus, hear his views on why old-world energy companies like Fortescue, BHP, and Woodside may not qualify as impact-worthy investments even if management teams are making concerted moves to expand their operations in new-world energy projects.