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<title>Renewable energy stocks plunge as going green gets &#x26;#x27;expensive&#x26;#x27;</title>
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<description>Renewable stocks are taking an outsized beating among other stocks in the utility sector, which was down more than 10% last quarter. Investors may be betting that going green will take longer and require more capital in a higher-for-longer interest rate environment. &#x26;#x201C;As utilities struggle with converting to more green energy, their operating margins are getting squeezed until they can get their utility rates increased,&#x26;#x201D; Louis Navellier, founder of Navellier, a money management firm, told Yahoo Finance. Higher interest rates are impacting the renewable sector because clean energy projects are capital intensive. [snip] &#x26;#x201C;There is an exodus from ESG products...</description>
<author>Yahoo Finance</author>
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<pubDate>Mon, 9 Oct 2023 14:08:36 GMT</pubDate>
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