Solar Stocks Continue To Shine In Wider Market Selloff

    Over the past two years or so, the clean energy sector has been a major laggard with investors giving it a wide berth. The iShares Global Clean Energy ETF (ICLN), a catch-all bet on clean energy, is trading 36% below its January 2021 all-time high after a major rally fueled by ESG optimism drove many stocks in the sector to record highs and stratospheric valuations. The renewable energy sector is having to contend with yet another formidable foe: rising interest rates. Renewable energy projects tend to be sensitive to high interest…