This post was originally published on this site
The company’s shares have gained 23.4% in price over the past year due to strong investor interest in the renewable energy sector, thanks in-part to President Biden’s plans to address climate change.
However, several new companies have entered the space with no product pipelines or the financial strength to capitalize on the nascent sector. Consequently, many analysts feel the clean energy industry has entered a bubble. This, coupled with the stock market’s rising volatility, could threaten NEE’s price performance in the near term.
