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Build Backwards Better? Renewable Energy in 2022
Episode 13928th January 2022 • The Stock Power Podcast • Money & Markets
00:00:00 00:11:08

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In 2020, investors piled millions of dollars into renewable energy stocks as the U.S. moved toward relying more on clean energy and less on traditional fossil fuels.

Clean energy stocks soared.

Exchange-traded funds (ETFs) holding these stocks crushed the 17.2% gains we saw in the S&P 500 in 2020:

·     Global X Renewable Energy Producers ETF (RNRG) jumped 26%.

·     First Trust Global Wind Energy ETF (FAN) pushed 62.2% higher.

At the start of 2021, renewable energy stocks were poised to climb even higher when President Joe Biden announced his Build Back Better bill. It included 10-year, full-value tax credits for new clean energy electricity generation. He even offered tax refunds.

The plan projected to create 600,000 new jobs in clean energy and lower power emissions to sub-2005 levels by 2031.

In this episode of The Bull & The Bear, I tell you why a wrinkle in the growth of renewable energy is only temporary.

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