- Last year was a rough year for the relatively new green energy industry, with high interest rates in a financing-heavy sector
- Positive legislative changes happened last year, opening up opportunities for these companies to grow in an environment where inflation has been consistently easing
- Investing in some of the big players within the green energy sector could be a wise move for investors
In 2022, the relatively new green energy space had a rough year in the stock market. These companies tend to have additional financing needs in their infancy and are particularly susceptible to the negative impacts of Federal Reserve interest rate hikes.
Fortunately, some good things happened for companies dedicated to positive climate impact. The passage of the Inflation Reduction Act and various executive orders created opportunities for growth and tax credits for these companies.
SOURCE:https://www.forbes.com/