The Clean Energy Sector Has Turned Bullish Again ...Middle East

OILPRICE - Economy
The Clean Energy Sector Has Turned Bullish Again
source : OILPRICE ( Middle East ) () 37
After emerging as the hottest sector in the energy universe amid the ESG and clean energy push, renewable energy stocks and funds finally came unstuck in 2021 thanks to steep valuations and massive supply chain disruptions. The iShares Global Clean Energy ETF (ICLN), a catch-all bet on clean energy, is down 9.1% over the past 12 months compared to a 56.9% gain by its much bigger fossil fuel cousin, the Energy Select Sector SPDR Fund (NYSEARCA:XLE). XLE has also taken the lead in attracting new money, pulling in $1.75B over the past year compared…

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