Evercore ISI notes that the Department of Treasury released its final rules for the section 45V Clean Hydrogen Production Tax Credit, which included some “favorable accommodations” for the hydrogen industry broadly and nuclear generation assets. The final rules differ from the proposed rules in several respects and “arguably the two most meaningful changes relate to incrementality and time-matching,” the analyst tells investors. The final rules announced provide incremental clarity and flexibility that should help facilitate investments within clean hydrogen that have been largely put on pause, contends the analyst, who believes the updated final ruling is a positive for Constellation Energy (CEG), PSEG (PEG) and Vistra (VST).
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CEG:
- Treasury releases final rules for clean hydrogen production tax credit
- Early notable gainers among liquid option names on January 3rd
- Constellation Energy issues statement on clean hydrogen guidelines
- Constellation Energy Stock Surges on Securing U.S. Government Contracts Worth $1B
- Constellation Energy price target raised to $258 from $254 at Evercore ISI