Clean energy stocks are back. But the sector’s success rests largely on one company
The renewable energy sector is experiencing a significant rebound, largely driven by Bloom Energy Corp., which has seen its stock surge by 1,400% over the past year. While Bloom Energy's performance is notable, the overall growth in global renewable energy capacity is also encouraging, with a 15.5% increase reported last year. Investors are optimistic about the future of clean energy, despite challenges in the U.S. market and rising interest rates affecting the sector in previous years.
- ▪Global renewable energy capacity expanded by 15.5% last year.
- ▪Bloom Energy's stock price has increased from $18.57 to nearly $300 in just one year.
- ▪The iShares Global Clean Energy ETF has soared 85% over the past 12 months.
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Open this photo in gallery:Flowers bloom below wind turbines in fields near Palm Springs, Calif. Global renewable energy capacity expanded by 15.5 per cent last year.Ashley LandisShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFor investors betting on a rebound in renewable energy stocks, 2026 is looking up. The sector has roared back, driving popular clean-energy funds to within earshot of record highs of five long years ago.But hold on, eco-capitalists. Your optimism may rest on the performance of a single stock: Bloom Energy Corp. BE-N, a fuel cell maker whose fortunes are tied to data centres driving artificial intelligence.The stock’s gains over the past 12 months are an eye-popping 1,400 per cent.
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