Why Clean Energy Stocks Have Lost Their Luster

Why Clean Energy Stocks Have Lost Their Luster

Updated October 25, 2023 at 5:33 p.m. ET

Clean energy stocks fell out of favor as pressures created by rising interest rates outweighed supportive government policies.

The iShares Global Clean Energy ETF closed Wednesday at the lowest level since July 2020. The exchange-traded fund invests in renewable energy companies and utilities according to a benchmark established by the S&P Dow Jones Indices, notably First solar And Plug in the power. It has plunged 33% this year.

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8



With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
Back to top button