Not sure how this ties in with your recent buying activity. You have to make your own decisions. There were many statements that i could of asked questions about but I deleted all but two. My comments are after the quote. It was a good post. Thank you.
By the end of last year clean energy stocks were down and underperforming against the overall market and their energy market peers.
Yes SP are down much more than their peers but does that mean they are over sold? Two years ago all green stocks were selling for PEs of over 50 and a few, Tesla, Were even over 500. (I think the high for Lynas was 60+) Today they are selling for PEs in the 15 to 30 range with declining EPS and RPS. JMO they are still overbought when you look at these metrics and not historical SP.
Many companies have cut back their investments in this area. Their investments are still growing at a very good rate just not as fast as planned. The green market will grow but we are looking at a correction period on SP from the highly overbought of a few years ago to one that is supported by actual metrics.
large energy companies have rolled back on renewables ambitions to focus more on hydrocarbons once again. Market sentiment followed, leaving clean energy firms undervalued in comparison.
The key here is many companies are no longer planning to expand at the rate they were just a few years ago. those rates pushed great stock very high. They will expand But SP will be hurt badly short term. it is the cut back in rate that will hurt green stocks. REE will again be a great growth sector. JMO Just not in the next 12+ months. Patents will be rewarded.
LYC Price at posting:
$5.87 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)