Green energy stocks fall back to levels last seen 5 years ago

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Financial Times 12h ago

Green energy stocks fall back to levels last seen 5 years ago - Financial Times

Quick Summary:

Erwan Kerouredan, analyst at RBC Capital Markets, added that hydrogen companies exposed to markets outside of the EU and the US, such as the Middle East, were better positioned.“The funding environment is completely different,” he said.“There’s a difference in terms of firepower.

The underlying picture was not all “doom and gloom” he noted, highlighting, for example, support from several Republican congressman for tax credits for green energy.

It also contrasts with a 14 per cent increase in the S&P Aerospace and Defense Select Industry Index, as weapons-makers rise on the prospect of higher defence spending in the EU.