With the emergency meeting of OPEC this weekend, maybe OPEC will cut production which will raise prices which will eventually help renewables grow and gain traction. With the price of oil dropping off a cliff, alot of after thought is going into investing into Wind and Solar. The mother earth syndrome does NOT pay for the investing group on Wall Street to get their money back and higher oil prices will mean more investment into Wind and Solar. Most wind and solar stocks were pulverized today to the tune of about 10% across the board. It was NOT pretty to say the least!!!
All the ETF’s in Wind got smacked about 11%.