Free Republic 3rd Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $38,087
47%  
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Keyword: greenneweel

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  • Renewable energy stocks plunge as going green gets 'expensive'

    10/09/2023 7:08:36 AM PDT · by CFW · 34 replies
    Yahoo Finance ^ | 10/8/23 | Ines Ferré
    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. “As utilities struggle with converting to more green energy, their operating margins are getting squeezed until they can get their utility rates increased,” 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] “There is an exodus from ESG products...