Lates News

After Donald Trump returned to the White House last year, betting on clean energy stocks seemed like a foolish move. But for Helen Jewell, the Chief Investment Officer of BlackRock's Fundamental Equities Business, the upward trend of clean energy is expected to continue because the US-led Middle East war has provided a harsh reminder of how serious the world's dependence on oil and gas in that region is. She said the strike on Iran "highlights the strategic importance of energy independence, grid resilience, and domestic secure power generation. Given the need for rapid and secure incremental clean energy by national grids, clean energy stocks can continue to rally." Jewell stated, "It is very clear that to make AI successful, you need so much energy that the story is no longer about 'replacing traditional energy' but 'coexisting with traditional energy'." A year has passed: as of the close of trading on Wednesday, the S&P Global Clean Energy Transition Index has soared by 61%, far exceeding the S&P 500 index's 23% increase. Its performance also outperforms the "Seven Giants" with a 39% increase and is almost double the increase of oil stocks - despite crude oil prices rising above $100 due to the Iran war.