The Truth Behind Renewable Energy's Big Rise - Yahoo Finance
The Truth Behind Renewable Energy's Big Rise | The Motley Fool
Shares of renewable energy stocks have jumped over the past week, and there's one big reason. Falling interest rates have not only pushed the market higher, they could make renewable energy companies more profitable in 2024.
In this video, Travis Hoium explains the impact of interest rates on renewable energy projects across the industry and reveals where we'll see a recovery first.
*Stock prices used were end-of-day prices of Dec. 15, 2023. The video was published on Dec. 17, 2023.
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.