FILE PHOTO: Workers sit on the steps of the Arche de la Defense, in the financial and business district west of Paris, France,

As coronavirus fears hit markets around the world, equity if flocking to safe havens, but some sectors are already presenting undervalued stocks with upside potential

With financial markets in free-fall as it seems certain coronavirus pandemic is here to stay, investors are looking for upside in the long-term.

Alternative energy

With oil prices decimated, the outlook for upstream projects and oil majors balance sheets is not pretty but the impact of coronavirus may have a silver lining for alternative energy stocks.

ITM Power

itm-power.com

ITM Power manufactures integrated hydrogen energy equipment to enhance the utilisation of renewable energy that would otherwise be wasted and specializes in electrolysers, and hydrogen for fuel cell products

ITM (LON) 113.00 GBX

Vestas

One of the world’s leading wind turbine firms, this Danish manufacturer, seller, installer, and servicer of wind turbines was founded in 1945. Last year, the firm dominated global supply delivering on average 4.5 gigawatts per quarter or nearly 18GW for the year. 

VWS (CPH) DKK 561.40 

Medical AI

RenalytixAI

This developer of artificial intelligence (AI) enabled clinical diagnostic solutions shows a promising long-term profile, through its offering for kidney disease, one of the most common and costly chronic medical conditions globally.

RENX (LON) 248.00 GBX 

IXICO

ixico.com/

Similarly building on AI powered analysis, London-based startup provides neuroimaging and digital biomarker analytics to biopharmaceutical firms conducting clinical trials into neurological diseases. With a focus on major idseases such as Alzheimer’s disease and Huntington’s disease, this firm is already turning heads in clinical research.

IXI (LON) 54.20 GBX