Some individual stocks haven’t fared much better.
For example, shares in the world’s top offshore wind farm developer, Orsted, had dropped by 44.49% year to date to October 10, with most of the decline accumulated in recent weeks...
- A perfect storm of soaring costs, supply chain delays, rising interest rates, and low electricity prices at auctions have been hurting renewables-related companies in recent months.
- “There’s a dark cloud hanging over green stocks,” Martin Frandsen, a portfolio manager at Principal Asset Management, told the Financial Times earlier this month.
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