Clean-Energy Stocks Aren't as Toxic as They Look - Bloomberg

Clean-Energy Stocks Like NextEra and Orsted Aren’t as Toxic as They Look - Bloomberg

Clean-Energy Stocks Aren’t as Toxic as They Look

Sure, higher interest rates are bound to buoy the expense of projects, but the renewable sector has too much going for it for investors to give up on it now.
Not coming to the Jersey Shore.Photographer: Sebastien Salom-Gomis/AFP/Getty Images

If the future of human civilization hinges on the past few months of stock-market action, then it may be time to learn to hunt, gather and craft clothing out of discarded plastic bottles. Fortunately, there’s reason to hope it doesn’t.

Soaring interest rates and grim headlines have hammered the stock prices of solar and wind companies recently, capping a grim couple of years when the rising costs of borrowing and materials have made capital-intensive renewable projects more expensive and less attractive to investors. It’s a huge stumbling block for the clean-energy transition when it should really be sprinting if humanity is to have any hope of limiting global warming to non-catastrophic levels.