Where The Sun Shines And The Wind Blows

4 min read

Where The Sun Shines and The Wind Blows

The United Nations COP28 climate summit concluded in December 2023 with a statement calling for ‘transitioning away’ from fossil fuels. However, it stopped short of calling for a full phase out of fossil fuels. Will this be enough to lift the sails of beaten down renewable energy stocks? Which sectors or segments will benefit the most going forward? And how are fossil fuel companies likely to fare?  Invesco Solar ETF (TAN)  In the last two months of 2023, TAN showed signs of bottoming, having run up almost 20% from ts long time support around 40. In the near term, TAN…...

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