48 days ago • Posted by William Ramstein

Global clean energy stocks have rallied in 2020

Clean energy were laggards since 2016 but saw a rise during covid and with Biden in office grew to levels never seen before. Blackrock’s iShares Global Clean Energy ETF is still at 37 times forward earnings, for example, even after falling 27% from its early-January peak, because it more than doubled in price last year. Hydrogen stocks such as Plug Power rose far more, and have lost more. Maybe clean-energy growth will be boosted enough by government green plans to justify these gains, but also possible is that the sector is now wildly overpriced. Source: WSJ