Clean energy stocks are booming: Analysts say clean energy is booming
The stocks of two renewable energy companies are surging on the back of rising demand for clean energy.
In a sign of the excitement around the renewable energy sector, the S&P 500 index closed up 2.4 percent Thursday morning after the Southeastern Utilities and Energy Institute reported its energy performance.
The index surged 10.6 percent to 3,948.53.
It has risen 5.3 percent in the past 12 months, its best performance since May 2015.
The S&P 500 has risen just 1.4% over that time.
The S&I, based in Augusta, Ga., tracks the performance of publicly traded U.S. utilities.
It tracks electricity, gas and nuclear energy, as well as solar, wind, geothermal and hydroelectric power.
Analysts say the sector is booming, thanks to both government policies and investors eager for clean technology.
The U.K.-based Institute for Energy Economics and Financial Analysis said this week that renewable energy growth in the U.N. and the European Union could reach nearly 20 percent by 2020.
The growth is driven by investment in renewables by governments and other stakeholders, the report said.
The energy industry is booming in China, India, Brazil and elsewhere, according to the Institute for Sustainable Development.
Investors have also made a lot of money off carbon-free technologies, like batteries and solar panels.
The market value of fossil fuels has plunged in recent years due to climate change.
“Investors are getting in on this,” said Steve Sadowski, an analyst with S&s Energy in Houston, Texas.
“It’s not just the carbon-based energy, but it’s the clean energy.”
Investors aren’t only looking for clean technologies.
They are also looking for the cleanest and most efficient way to produce electricity, said Matt Smith, chief executive officer of the Institute of Clean Energy.
The Clean Energy Finance Corporation of America, the energy industry’s largest shareholder, said in a statement Thursday that its investors are looking to clean energy for many reasons.
The CECA is a global investment bank that invests in clean energy projects.
Investment in clean technology is the fastest growing sector, with growth of nearly 2.5 percent a year for the past three years.
That has been driven by investors’ confidence that renewable technology will be available at a lower cost and at a faster pace.
The CECAs investment in solar, geovisual and wind power has grown rapidly, while solar has also grown rapidly in recent months.
The sector has been growing faster than other industries.
But analysts say the boom is not entirely driven by the energy sector.
The U.C. San Diego study found that renewables accounted for just 3.3% of gross domestic product in 2016, compared with 13.6% in the energy-producing sector.
In fact, the industry is expected to lose about 7.6 million jobs over the next decade, according the CECs report.
The overall U.F.T. jobs report from the Labor Department says there are about 4.4 million jobs lost because of technology outsourcing, the automation of production, the outsourcing of customer service and the displacement of labor.
The investment in clean technologies is the primary reason the U,S.
and China have made strong moves to curb carbon emissions, said David White, the director of the S.&, Banc of America’s energy and environmental program.
The clean energy sector is a key driver of economic growth.
According to the Federal Reserve Bank of New York, about three-quarters of the growth in U.D.C.’s economy since the start of the Great Recession was in the clean sector.
Investments in clean and green technology are expected to double between 2020 and 2030, according an S&am report.
The global clean energy boom is expected as more and more countries and cities move to install and use solar and wind farms.
The industry is also gaining in popularity.
The global clean-energy industry is growing at a compound annual growth rate of 2.6%, according to IEA.
That is more than double the growth rate for the overall U, F.T., and C.D., the agency said.
The clean-tech sector is expected grow faster than the U., F.A., and COG sectors.
The Clean Energy Innovation Alliance is a nonprofit research group that provides technical analysis and recommendations on energy efficiency, renewable energy, and energy efficiency.
The IEA said the clean-technology sector is projected to grow at 4.5% per year between 2020 to 2030.
The industry is projected in 2020 to generate $5.6 trillion in gross domestic products, or 2.8% of global GDP, and it is expected in 2030 to generate an estimated $10.3 trillion in GDP.
Investor enthusiasm is strong for the sector.
In a report last month, the CERC said investors are bullish on clean technology companies and have invested $3.5 trillion