Renewable Energy has faced a very bad year in 2010 at least in terms of stock prices.The failure of the Copenhagen Climate Meet in 2009 and the complete indifference towards the Cancun Meet in Mexico has made the Green Energy Sector one of the worst performing ones.Wind Energy has been the worst hit with falling gas prices and falling subsidies with USA and Europe the worst hit.Other sectors like Solar Energy and Biofuels have not got much love from the markets either.In fact major financial insitutions have sharply reduced their Renewable Energy Holdings with Short Interest Rising to a Record High amongst Green Companies like American Semiconductor,Jinko Solar etc.However despite the ascendancy of the Republicans in USA and the cold shoulder given to climate and energy bill,this might mark a bottom for Renewable Energy
A Chronology of the Greek Contagion 1) Markets get spooked by the Greek crisis ; IMF/EU Bailout deemed insufficient 2) European markets and risky assets take a might fall 3) Dow crashes 1000 points in 15 minutes 4) The European Bazooka is Unleashed with a lot of Fanfare;Merkel and Sarkozy declare “war” on speculators 5) […]