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According to a report by Report Ocean, the global renewable energy market was estimated at roughly $881.50 billion in 2020 and is expected to grow at an 8.2% CAGR between 2021 and 2027. However, high energy storage and infrastructure costs could hamper the green energy industry’s growth.
Sunrun Inc . (RUN), ChargePoint Holdings, Inc. (CHPT), and Sunnova Energy International Inc . (NYSE:NOVA) are three green energy stocks that look overvalued at the current price level. So, we think it could be wise to avoid them now.
