Posted on 10/09/2023 7:08:36 AM PDT by CFW
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 that are suffering from outflows,” said Navellier.
The Global Clean Energy ETF (ICLN) is down about 30% year to date. The solar and wind energy benchmarks Invesco Solar ETF (TAN) and First Trust Global Wind Energy ETF (FAN) are down 35% and 32% during the same period, respectively.
The selling in renewables intensified after NextEra Energy Partners (NEP), a subsidiary of NextEra Energy (NEE) focused on renewables, cut its growth target by half to 6% through at least 2026.
(Excerpt) Read more at finance.yahoo.com ...
Just like the "green" funeral home that was in the news last week. In the end, all you have is rotting corpses.
“...as going green gets ‘expensive’”
Who raised the prices? Answer: No one.
Going ‘green’ was never cheap and THEY ALL KNEW IT.
Shocked I tell ya
My favorite is the EV being pushed by coal miners to be plugged in at coal shack to charge
2nd is a large charging station, not sure where being powered by diesel generator
Can’t help but think of South Park episode every time this topic comes up
“THANKS”
There it is. "Green" energy at the utility level is always stoopid (hydro power being the only exception).
no worries
they will declare a climate emergency
and it all becomes mandatory
“Who raised the prices? Answer: No one.
Going ‘green’ was never cheap and THEY ALL KNEW IT.”
With inflation, the “10% for the Big Guy” has doubled to 20%. That’s where your increased costs come in.
Well, it's no wonder they are struggling. Trying to circumvent the laws of physics never turns out well.
If there were better sources of energy than fossil fuels, wouldn't we be using them without government coercion?
Notice how dicey things are about to get around the Persian Gulf? That black liquid energy could get expensive enough to make green energy look pretty good if the Straight of Hormuz got “NordStreamed”.
That is in CA.
The Harris Ranch Tesla Supercharger station is an impressive beast. With 98 charging bays, the facility in Coalinga, California, is the largest charging station in the world. But to provide that kind of power takes something solar can't provide — diesel generators
Hahahahahahahahaha No Sh!t Hahahahahahahaha
They know it’s expensive, they know it’s not reliable, and their goal is control and destruction of the West.
Kill the energy sector and bring in millions of low IQ non whites.
Deliberate.
Butt, butt, butt sun and wind are FREE right? We’ve embraced both recently. Put up a nice double clothes line out back. Works great. Auxiliary in the garage in case of weather. Uh, climate alterations. Yeah, that’s it. 😁
🇮🇱👍
In 15 months, our “equal payment” plan with NVEnergy has more than doubled. Our “equal payment” is higher than any bill we’ve ever had in 12 years. HUH? How does that work? Hmmmmm?
🇮🇱👍
“My strategy for “socially responsible” investing was doomed from the start, but it still feels like I’m saving the planet, so it’s cool, right? /s”
As long as you “feel” as if you are doing your part and can signal your virtue to family, friends, and neighbors, that’s all that counts. Enjoy that feeling of superiority! Especially this winter as you wrap that extra blanket a little bit tighter around your shoulders. /s
Perhaps a lot of these analysts have electric cars that are 5 or 6 years old - little value and extremely expensive maintenance.
Green now means Scam
I live in an area with the most fertile crop land in the country that doesn’t require irrigation
Yet tens and tens of thousands of acres are now being leased to build solar farms
We just found out this weekend about a 2000 acre project near is being discussed
We beat back wind farms, but absentee landowners are drooling in over those solar subsidies now
I missed that one. Say more!
The increased costs were known from the beginning. Solar panels take more energy to make than they produce. How will that ever make sense?
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