3 Reasons to Invest in Renewable Energy Stocks
As one of the hottest sectors last year, renewable energy stocks helped to supercharge many portfolios in 2020. With investors recognizing how green energy solutions are occupying an increasingly prominent position in our energy landscape, the iShares Global Clean Energy ETF soared more than 140% last year, while the S&P 500 climbed 16%. In 2021, however, the trajectory has reversed course as the iShares Global Clean Energy ETF has dipped more than 16% year to date.
Does the market's waning appetite in 2021 suggest that investors should eschew renewable energy stocks and turn toward more conventional energy plays like oil and gas? Not at all. There are still plenty of reasons to believe that renewable energy stocks belong in investors' portfolios.
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