News Formal

8 Clean Energy Stocks Citi Says Could Drop Even More

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

To come up with their list, the strategists assessed free cash flow as well as cash burn or spending for the previous 12 months.

Clean energy stocks have seen significant declines over the past year, and Citigroup strategists are cautioning about a handful that could decline even further.

Languishing demand is one reason behind the recent selloff. Solar-power equipment firm Enphase Energy , one of the largest holdings within the iShares fund, has repeatedly cautioned shareholders that demand is waning as high interest rates make customers cut back spending. To come up with their list, the strategists looked at clean energy stocks globally and picked those with the most noticeable free cash flow decline as well as cash burn or spending for the previous 12 months.Clean fuel cell companies Plug Power , which recorded a cash burn of almost $2 billion, and Ballard Power Systems which experienced a decline of $188 million.

Solar companies SunPower , with a cash burn of $384 million, and Sunnova Energy International , down $21 million.Rivian, Plug Power, Ballard Power Systems, Fisker, SunPower, and ACEN didn’t respond to a request for comment.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Treasury pushes for huge tax credits for clean energy companiesThe Treasury Department issued a proposed rule Tuesday that would significantly boost the number of available tax credits for clean energy companies that pay their workers prevailing wages and utilize registered apprentices as part of an effort to create good-paying jobs in the clean energy space.
Källa: dcexaminer - 🏆 6. / 94 Läs mer »

The U.S. Is Limiting Tech Investment in China. Clean Energy Could Take a Hit.Clean-energy innovation has become intertwined with deepening geopolitical tensions, writes Carolyn Kissane.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »