The renewable energy sector has not had a good year because of rising interest rates. Most of the companies are debt-financed with thin revenues but they offer significant future value as companies and households turn to a sustainable source of energy.
If the first rate cut is announced mid 2024, clean/renewable energy companies and ETFs will have a stable recovery moving forward.
We have just added the ETF to our portfolio after a significant sell-off year to date. The volume spike in November is a good indicator that the ETF possibly bottomed out. If not, another sell-off will not be as aggressive, and looking at accumulating for the long haul.
If the first rate cut is announced mid 2024, clean/renewable energy companies and ETFs will have a stable recovery moving forward.
We have just added the ETF to our portfolio after a significant sell-off year to date. The volume spike in November is a good indicator that the ETF possibly bottomed out. If not, another sell-off will not be as aggressive, and looking at accumulating for the long haul.