Renewable Energy Stocks Plunge as Reality Bites the Industry
NKLANikola(NKLA) The Motley Fool·2024-08-31 03:21

Interest rates aren't falling quickly, and the appetite for financing is falling on Wall Street. It was a bad week for electric vehicle (EV) and renewable energy stocks across the board as consumer spending continues to struggle and EV competition heats up. It hasn't helped that interest rates are up and the economic future isn't certain, causing investors to take risk off the table in areas of energy that haven't proven to be profitable. According to data provided by S&P Global Market Intelligence, shares ...