2024 renewable energy stocks NextEra Energy and Clearway Energy expected to rise due to falling interest rates and decarbonization tailwinds.
Renewable energy stocks NextEra Energy and Clearway Energy are expected to rise in 2024 and beyond, as falling interest rates and strengthening decarbonization tailwinds boost their value. Higher rates previously drove down the value of income-producing assets like renewable energy dividend stocks, but a decline in interest rates could reverse this trend. NextEra Energy's stock price is currently 20% below its 2022 peak, which aligns with the start of rising interest rates.
May 25, 2024
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