Renewable Energy Helps Fuel Dow Above 11,000

The benchmark Dow Jones Industrial Average closed above 11,000 for the first time since stock markets began their nosedive 18 months ago. And the rebound in investor and trader confidence seems to be taking renewable energy and clean technology stocks with it.

An uptick in the price of a barrel of oil, the coming 40th anniversary Earth Day celebrations and renewed focus on energy and climate legislation in Congress could once again be sparking market enthusiasm, at least for the short term, market watchers are speculating.

But the upturn could prove short-lived as some banks and investment firms remain wary of the sector's long-term performance, warning their clients of shrinking public support for subsidies and an end to government stimulus spending globally.
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Labels: Solar Market, Solar Stocks, Solar Technology

posted by Ertai at 12:58 PM