This is Why Solar Stocks Could Rally to Higher Highs

Fear is creating massive opportunity.

In fact, with Russia invading Ukraine, fear and uncertainty have had a substantial impact on oil, gas, and utility stocks.  Now, we’re also seeing it in green energy stocks.

Look at solar stocks for example.

Sunrun (RUN), First Solar (FSLR), and Enphase Energy (ENPH) are all rocketing higher.

After all, “When there’s less certainty about other sources of energy, that will help renewables because they’re a cheap source of electricity,” says Joe Keefe, CEO of Pax World Funds, as quoted by Morningstar. “They’ve become very competitive from a price standpoint and are good long-term investments. Germany and other European countries are incentivized even more to do something with renewables if access to Russian gas is jeopardized.”

Plus, Russia’s invasion is accelerating the global transition to green energy.

In fact, European Commissioner for Energy Kadri Simson recently tweeted, “We have to reduce dependency on Russian gas, diversify our suppliers and invest in renewables.”

Also, as noted by the Los Angeles Times, “The war in Europe adds to the urgency of transitioning to clean energy sources such as solar and wind power that are harder for bad actors such as Russia to disrupt, those experts say. The conflict also highlights the importance of the U.S., the European Union and other allies working together to confront the climate crisis while taking global security into account.”