Morgan Stanley says buy these stocks with energy security and the transition to renewables in focus

Contractors install SunRun solar panels on the roof of a home in San Jose, California, on Monday, Feb. 7, 2022.
David Paul Morris | Bloomberg | Getty Images

Energy security and the energy transition have been thrust into the fore since Russia's invasion of Ukraine sent oil and gas prices surging amid fears of supply shortages. Both the U.S. and international oil benchmarks rose to their highest level since 2008, while natural gas futures in Europe hit a new all-time high.

As nations rethink their energy policies Morgan Stanley said that energy security and the energy transition can co-exist – it's not a matter of either/or.

More In Future of Energy

CNBC ProThis lithium battery stock could one day be worth $80 billion, according to Loop Capital
CNBC ProHow to invest behind the sweeping climate and health care package that could soon become law
CNBC ProAlbemarle blows past estimates as lithium prices stay elevated, CEO urges easier permitting process