<ul data-eligibleForWebStory="false"><li>Morgan Stanley has initiated coverage on Power Finance Corp. and Rural Electrification Corp. with an 'overweight' rating as it anticipates a 12% estimated loan CAGR between fiscal year 2025 to 2028.</li><li>The brokerage firm highlighted that both PFC and REC are expected to achieve 17-19% average return on investment, with compelling risk-reward profiles.</li><li>PFC and REC are projected to sustain low-to-mid-teens loan growth, supported by the current capex cycle in the energy sector, particularly in renewable energy, transmission, and distribution.</li><li>According to Morgan Stanley, there is a potential upside of 21-23% in the stocks of PFC and REC over the next year, placing them in the top quartile of their coverage.</li></ul>

PFC, REC Get 'Overweight' Rating From Morgan Stanley As 12% CAGR In Loan Portfolio Expected

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