NextEra, AES, Constellation: JPMorgan's Top ESG Bond Picks For 2025
NextEra, AES, Constellation: JPMorgan's Top ESG Bond Picks For 2025
JPMorgan's ESG bond picks for 2025 focus on companies in the renewable energy and utilities sectors. These bonds are positioned to benefit from strong macroeconomic support and evolving policies favoring clean energy.The ESG investing space had its ups and downs in 2024. Sustainable assets saw a 7% increase in AUM to $3.2 billion.
2024年esg概念投资领域经历了起伏。可持续资产的管理资产增加了7%，达到32亿。
While the year has been challenging for ESG equity funds, particularly with underperformance in the first half, JPMorgan analysts are looking to 2025 with optimism.
尽管这一年对esg股票基金是个挑战，特别是在上半年表现不佳，摩根大通分析师对此持乐观态度，展望2025年。
Among the most promising picks are bonds from major renewable energy players. These bonds are poised to benefit from tax credits, policy shifts, and growing demand for clean energy:
其中最有前景的选择是来自主要可再生能源公司的债券。这些债券预计将受益于税收抵免、政策变化和对清洁能源日益增长的需求：
- NextEra Energy Inc (NYSE:NEE) – $5.25% 03/15/34 Bond (Z-spread 132bp): As one of the largest developers of renewable energy in the US, NextEra Energy continues to be a top pick for investors focused on ESG. The company remains exposed to fluctuations in renewable tax credits and financing, but with strong customer demand and state carbon targets, its long-term prospects are solid. This bond offers a potential upside as NextEra continues to expand its solar and wind portfolios.
- The AES Corp (NYSE:AES) – $2.45% 01/15/31 Green Bond (Z-spread 168bp): AES is another key player in the renewable energy space, benefiting from a large backlog of utility-scale projects. The company is positioned to capitalize on renewable PTCs, ITCs, and tax equity financing. With data center offtakers less sensitive to price hikes and interest rates, AES is well-positioned to navigate potential policy changes and remain a solid investment for ESG-focused bondholders.
- Constellation Energy Corp (NASDAQ:CEG) – $5.75% 03/15/54 Green Bond (Z-spread 190bp): As a leader in nuclear energy, Constellation Energy is supported by strong power fundamentals and firm nuclear sentiment across both sides of the legislature. With continued demand for reliable power and a growing market for data centers, Constellation is poised to benefit from its nuclear and renewable energy mix. This bond stands out as an attractive option for ESG investors looking for stable returns in the energy sector.
- 新纪元能源公司（纽约证券交易所：NEE）– $5.25% 03/15/34 债券型（Z-利差132基点）：作为美国最大的可再生能源开发商之一，新纪元能源仍然是专注于esg概念投资者的首选。公司继续受到可再生税收抵免和融资波动的影响，但由于客户需求强劲和州碳减排目标，其长期前景稳固。随着新纪元继续扩大太阳能和风能项目，这种债券提供了潜在的上涨空间。
- aes发电公司（纽约证券交易所：AES）– $2.45% 01/15/31 香港零售绿色债券(临时代码)（Z-利差168基点）：AES是可再生能源领域的另一个关键参与者，受益于大量的公用事业规模项目待处理。公司有能力利用可再生的PTC、ITC和税收权益融资。由于idc概念用户对价格上涨和利率期货的敏感性较低，AES在应对潜在政策变化方面处于良好位置，并且仍然是关注esg概念投资者的可靠投资。
- 星群能源公司（纳斯达克：CEG）– $5.75% 03/15/54 香港零售绿色债券(临时代码)（Z-利差190基点）：作为核能领域的领导者，星群能源受益于强劲的电力基本面和两院议会的坚定核能情绪。随着对可靠电力的持续需求和对idc概念市场的不断增长，星群有望从其核能和可再生能源组合中获益。这种债券作为关注稳定收益的esg投资者的一个有吸引力的选择脱颖而出。
ESG Bonds Set To Shine In 2025
esg概念债券有望在2025年闪耀
JPMorgan's ESG bond picks for 2025 focus on companies in the renewable energy and utilities sectors. These bonds are positioned to benefit from strong macroeconomic support and evolving policies favoring clean energy.
摩根大通2025年的esg概念债券选择集中在可再生能源和公用事业板块的公司。这些债券有望受益于强大的宏观经济支持和有利于清洁能源的政策变化。
With growing demand for green energy and stable regulatory environments, bonds from NextEra, AES, and Constellation Energy are likely to be top picks for ESG-focused investors looking for solid returns in the coming year.
随着对绿色能源需求的增长以及稳定的监管环境，来自新纪元能源、aes发电和星座能源的债券型产品可能会成为esg概念投资者在未来一年寻求稳健回报的首选。
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Image: Shutterstock
图片：shutterstock
译文内容由第三方软件翻译。
