If You Want an Investment Portfolio Full of Dog Stocks Try Filling it With Renewable and Green Punts
by Chris Morrison 23 September 2024 7:00 AM
Many renewable energy stocks are dog shares to be avoided at all costs by investors seeking a reasonable rate of investment return. Perhaps not the advice you would receive in the advertising-compromised financial pages of mainstream media, and certainly not a message that resonates with promoters of the Net Zero fantasy. The Renewable Energy Industrial Index (RENIXX) is a widely-consulted global stock capitalisation index of the 30 largest renewable energy industrial companies in the world and it has shown near zero growth since it was started in 2006, along with a reverse projection back to 2002. Over the last three years alone it has lost almost half its value.
The retail exchange traded fund iShares Global Clean Energy aims to “target access to clean energy stocks around the world”. Last year its value fell by 26.1% and from its inception in 2008 it has more or less halved an initial investment of £10,000. Greencoat Renewable PLC is a U.K.-quoted investment trust and the owner and operator of renewable energy infrastructure assets in Europe. It is said to provide “attractive risk adjusted returns with a compelling growth opportunity; supported by a robust regulator regime and managed by a proven investment manager” – which is one imaginative way of explaining a loss in share value of 18.6% over the last five years.
https://dailysceptic.org/2024/09/23/if-you-want-an-investment-portfolio-full-of-dog-stocks-try-filling-it-with-renewable-and-green-punts/
