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Clean-Energy Stock Mania Has Only Itself to Blame

A massively popular clean-energy index is a prime candidate for distorting its corner of the market. But it doesn’t.

4/17/2021 3:45:00 PM

A massively popular clean-energy index is a prime candidate for distorting its corner of the market. But it doesn’t, writes jmackin2

A massively popular clean-energy index is a prime candidate for distorting its corner of the market. But it doesn’t.

April 17, 2021 7:00 am ETIn the intense debate about how much index investing distorts the market, one index looks like a prime candidate: the S&P Global Clean Energy index. It is badly designed and has far too much money chasing its 30 holdings, many of which are small and hard to trade.

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The weird thing is: It seems not to have much of an effect at all. The problem isn’t the index, it’s the mania for clean-energy stocks.Money has poured into two iShares ETFs that track the index. Combined with the gains for the stocks they hold, the funds quintupled in value over roughly five months to $14.2 billion at their January peak, before falling back to about $10 billion.

A lot of money in a small portfolio means they had to buy big stakes in many of their holdings. Between them, the funds own roughly 10% of four stocks, German solar and wind power producer Encavis , Canada’s Innergex Renewable Energy and two Brazilian utilities. They hold significant stakes in many others, and had to buy heavily as money poured in. headtopics.com

This should push up stock prices. And sure, they absolutely smashed it. U.S. fuel cell firm Plug Power and Chinese polysilicon producer Daqo New Energy more thanto the funds’ January high, while another five more than doubled and 17 rose more than 50%. The index’s worst performer still came in well ahead of the

Read more: The Wall Street Journal »

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Biden calls for 'investing in innovation' to work toward 'a clean energy future'President Biden spoke about investing in new jobs and clean energy industries during the White House virtual climate summit. He also discussed how he plans to 'invest in climate resilience and infrastructure' and 'create opportunities for everyone.' Leadership something we been missing 👍🏾 It won’t happen. You’ve been duked. As long as they continue to pay covid unemployment u are not going to have workers

Inside Biden’s Plan To Create Over 10 Million Well-Paying Jobs With His Clean Energy InitiativeBiden’s primary goals are to improve and rebuild the nation’s deteriorating highways, bridges, tunnels, hospitals, airports, water systems, electricity grids and other important structures, while also saving the environment and creating millions of new jobs in the green and clean energy space.

Inside Biden’s Plan To Create Over 10 Million Well-Paying Jobs With His Clean Energy InitiativeBiden’s primary goals are to improve and rebuild the nation’s deteriorating highways, bridges, tunnels, hospitals, airports, water systems, electricity grids and other important structures, while also saving the environment and creating millions of new jobs in the green and clean energy space. this is terrible news Job creation is always good.

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Inside Biden’s Plan To Create Over 10 Million Well-Paying Jobs With His Clean Energy InitiativeBiden’s primary goals are to improve and rebuild the nation’s deteriorating highways, bridges, tunnels, hospitals, airports, water systems, electricity grids and other important structures, while also saving the environment and creating millions of new jobs in the green and clean energy space. And the 27 it will actually make Don’t miss this opportunity of making money with Us, join the channel This will be a disaster