Finance
Clean Energy Rally Has Some Analysts Pumping Brakes After Surge
- WilderHill Clean Energy Index gains 19% after Georgia election
- Raymond James downgrades five stocks after policy-driven rally
This article is for subscribers only.
Alternative energy analysts are warning stock valuations may be too rich after surges from the U.S. election and hopes a Democrat-controlled Congress will put forward industry-friendly legislation.
With Democrats securing control of the Senate this week, the WilderHill Clean Energy Index has gained another 19% to start the year following a 203% increase in 2020. But investors may be overzealous.