Rising interest rates weigh on the sector, including iShares clean-energy ETF
Clean-energy stocks have fallen out of favor, with pressures created by rising interest rates outweighing supportive government policies.
The iShares Global Clean Energy ETF reached its lowest level since July 2020 this week. The exchange-traded fund invests in renewable-energy companies and utilities in line with a benchmark compiled by S&P Dow Jones Indices, including First Solar and Plug Power. It has plunged 32% this year.
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