image credit: Pixabay

How Sustainable Is the Rally in Renewable Energy Stocks?

January 14, 2021


The overall stock market was fabulous last year, but as investors focused on climate change, renewable energy stocks did even better.

Consider that while the SPDR S&P 500 Exchange-Traded Fund Trust, which tracks the benchmark S&P 500, returned 18.37 percent in 2020, the Invesco Solar E.T.F., which tracks an index of solar energy stocks, soared 233.95 percent, according to Morningstar Direct. The Invesco WilderHill E.T.F., which invests more broadly in alternative energy of various types, rose 204.83 percent.

Read More on The New York Times