Why Green Energy Stocks Are Facing Headwinds ...Middle East

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Why Green Energy Stocks Are Facing Headwinds
source : OILPRICE ( Middle East ) () 38
The clean energy sector has lately been struggling, with higher interest rates and a weakening economic outlook outweighing considerable backing by the Biden administration. The iShares Global Clean Energy ETF (NASDAQ:ICLN), the world’s largest green energy ETF and a catch-all bet on clean energy, has lost 4% in the year-to-date compared to a 10.3% gain by the S&P 500. The solar and wind energy benchmarks are not faring much better, either, with Invesco Solar ETF (NYSEARCA:TAN) down 2.9% YTD while First Trust…

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