REUTERS/Yuriko Nakao
From electric vehicles to residential solar panels, sustainable trends are sweeping markets across the world.Morgan Stanley has taken note, and picked 8 US stocks that are best prepared to solve global problems-and deliver a punchy return to shareholders while doing so.
"There are multiple sustainability mega trends that pose environmental and social challenges," the bank said in a note. "But the solutions can present financial opportunities for corporates and investors alike."
For its report, the bank focused on seven key areas: climate change, water scarcity, waste management, food availability, health & wellness, improving lives and demographics.
Here are the 8 US companies that Morgan Stanley says are best positioned to take advantage of these opportunities and have a price target more than 10% above the current share price.