For green investors, the current war-fueled surge in oil and gas prices conjures up painful memories of 2022. But at Jefferies, clients are being urged to double down. https://t.co/gFgvxcfvyd ...

Company Overview - Clean Harbors (CLH) is valued at $15.72 billion and is a leading provider of environmental, energy, and industrial services in North America [1] - The company operates the largest number of hazardous waste incinerators, landfills, and treatment, storage, and disposal facilities [1] Service Offerings - Clean Harbors provides a broad range of services including end-to-end hazardous waste management, emergency response, industrial cleaning and maintenance, and recycling services [2] - It is the largest re-refiner and recycler of used oil globally and the leading provider of parts washers and environmental services to commercial, industrial, and automotive customers in North America [2] Stock Performance - Clean Harbors shares are up more than 45% over the past year and are trading at new all-time highs [5] - The stock has gained 45.69% over the past 52 weeks and has made 11 new highs, with a 12.38% increase over the past month [6] - The recent trading price of CLH is $293.89, with a 50-day moving average of $262.48 [6] Technical Indicators - Clean Harbors has a Weighted Alpha of +53.61 and maintains a 100% "Buy" opinion from Barchart [6] - The Relative Strength Index (RSI) is at 70.84, indicating strong momentum [6] - There is a technical support level around $290.11 [6] Analyst Sentiment - Analyst sentiment is bullish with price targets up to $412, although Morningstar sees CLH as 9% overvalued at current levels [5] - The Trend Seeker issued a new "Buy" signal on December 2, with shares increasing by 22.85% since then [3]

Core Insights - Investors are increasingly optimistic about green stocks, driven by the necessity of renewable energy to support the growing demand for artificial intelligence (AI) [10] - The S&P Global Clean Energy Transition Index has surged nearly 50% since April, outperforming major equity indexes and gold [10] - Lower US interest rates are benefiting capital-intensive green sectors, facilitating capital inflow into green funds [3][10] Investment Trends - Brookfield Asset Management raised $20 billion for the largest private fund focused on clean energy transition, while Resolution Investors LLP launched a global equity climate fund targeting $1 billion [3][10] - The S&P clean energy index has outperformed the S&P Global Oil Index since early April and is leading all major country equity gauges, except for South Korea [5][10] Market Dynamics - Clean energy indexes show low correlation with the broader market, making them suitable for tactical allocations when catalysts arise [6][10] - AI-driven energy demand is projected to more than double by 2028, favoring rapid deployment of solar, storage, and gas capabilities [6][10] Company Performance - Bloom Energy Corp. and Goldwind Science & Technology Co. are significant gainers in the clean energy index, with share prices increasing by triple-digit percentages this year [7][10] - Despite the recent rebound, the S&P clean energy index remains at only half its level compared to 2021, when green investing peaked [8][10] Industry Outlook - Aniket Shah from Jefferies Financial Group describes the current phase of green investments as the "glory days," highlighting a simultaneous acceleration in capital markets and real economy efforts towards sustainability [9][10]