Private Investors On Green Energy Buying Spree As Big Oil Retreats

Over the past couple of years, renewable energy stocks have been hammered thanks in large part to high interest rates in the post-Covid era. The iShares Global Clean Energy ETF (NASDAQ:ICLN), the world’s largest green energy ETF and a catch-all bet on clean energy, has returned -13.9% over the past 52 weeks compared to a 10.7% gain by the S&P 500. The solar and wind energy benchmarks are not faring much better, either, with Invesco Solar ETF (NYSEARCA:TAN) tanking -25.0% while First Trust Global Wind Energy ETF (NYSEARCA:FAN) has only…