For Clean Energy Stocks, It's All About Bond Yields Right Now

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 68%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The renewable energy sector has been able to claw back some losses thanks to falling treasure yields, but the prospect of another Fed rate hike keeps share prices suppressed

Renewable energy stocks have been badly pummeled, underperforming their fossil fuel peers and the broader market in the current year, with the selloff accelerating in recent months thanks to higher interest rates and a hawkish Fed outweighing considerable backing by the Biden administration. The iShares Global Clean Energy ETF NASDAQ

, the world’s largest green energy ETF and a catch-all bet on clean energy, has crashed 26.2% in the year-to-date, incomparable to the 14.5% gain by the S&P 500 over the timeframe and 3.9% return by the S&P Energy Sector Index. The solar and wind energy benchmarks have not fared any better, with Invesco Solar ETF NYSEARCATAN having cratered -31.4% YTD while First Trust Global Wind Energy ETF NYSEARCAFAN has declined -21.0%.

has gained 3.7% over the past five trading sessions, coinciding with a 21 bps decline in the 10-Year Treasury bond yield to 4.65%, the biggest fall in interest rates since August. Battered Solar And Hydrogen Stocks Rebound The solar sector has been particularly badly hit thanks to surging financing costs for panel installations as well as persistent supply chain disruptions stifling residential and corporate solar system orders through much of 2023.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 34. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ofgem considers energy cap rise to support energy companiesOfgem is considering hiking the energy price cap by £17 a year to support struggling energy suppliers
La source: Glasgow_Times - 🏆 76. / 59 Lire la suite »