Renewable energy stocks are delivering for investors again in 2020. Following a stellar showing, the S&P Global Clean Energy Index is higher by almost 43% year-to-date.
The rise of renewables is coming at the expense of traditional fossil fuels. Price action confirms as much as the S&P Energy Select Sector Index is lower by about 40% this year. There are stark realities applying to traditional and renewable energy stocks. In the U.S., a slew of state governments are increasing adoption of green energy sources.
Likewise, as prices decline, more corporations and consumers are embracing solar and wind power. Adding to the pressure on fossil fuels producers and bolstering the case for alternative energy equities is that an array of institutional investors, including college endowments, are saying “no” to coal, gas, and oil exposure. Continue reading “7 Renewable Energy Stocks for a Cleaner Future”