The rise in the value of green energy stocks and why is Joe Biden in this story?

The rise in the value of green energy stocks and why is Joe Biden in this story?

Do you know American investors began to invest more money in an alternative energy? One of the key factors for this trend was the announcement of the main contender for the post of US President Joe Biden. He is ready to invest in this area for more than 2 trillion dollars. This is fabulous money for alternative energy.

How do investors react?

Biden plans to launch a climate change program after being elected president of the United States. This plan has already generated investor interest. The world famous media outlet The Wall Street Journal records how investors react to such statements. For example, this newspaper identified three main exchange-traded funds, each of which from the beginning of the year has grown by as much as 80 percent. This means that investors have begun to actively invest in environmental projects and such fantastic exchange figures confirm this.

How is the energy sector changing in the world?

It became clear that the era of traditional energy is coming to an end. The demand for oil has fallen after total quarantine in many countries. So its prices crashed. Energy stocks began to fall as a result. The stock indices of traditional energy companies fell by almost 50% at the beginning of the year. Energy companies have fallen in price most according to experts.

The renewable energy production became more relevant. Their shares began gradually grow. This trend began in 2008. The price of oil futures fell by 70% during this period. The renewable energy becomes more relevant when oil revenues decline.

For example, the use of alternative energy has doubled in the United States from 2000 to 2018. This allowed to change the lists of leaders of more expensive companies in this country. For example, the most expensive energy company in the United States is NextEra Energy. It has a market capitalization of $ 148 billion.

Biden’s plan improved investors’ expectations and encouraged them to invest. As experts say that this trend of increasing the popularity of environmental energy will be just keep. It is important to keep in mind that each state independently forms the energy policy, apart from the position of the White House. So, no matter who gets it post of president, environmental energy will move forward.

Biden’s plan met the expectations of investors and encouraged them to invest. Experts say this trend will continue to grow. It is important to take into account that each state forms its own policy regarding the energy problem, regardless of the position of the White House. So no matter who becomes president, green energy will move forward.

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