Last month saw buying opportunities in some clean energy stocks as the bubble created from the euphoria over Biden’s election vanished as if it never happened.
Clean energy stocks have simply returned to the general upward trendline from the second and third quarter of 2020. Rather than bursting in a market panic, this seems to have been more of a general deflation.
Some clean energy stocks seem reasonably priced, but there are no great values like we often see during the market panics which typically follow bubbles. Without a panic, I’m not ready to buy aggressively. Stocks in general continue to trade at fairly high valuations, and rising interest rates or some other market disruption could still trigger a sell-off.
