Renewables Are Facing A Moment Of Truth

Renewable energy was among the best-performing segments of the stock market last year as solar and wind saw large capacity additions despite the pandemic, indicating the industry was quite resilient to shocks. Yet there is such a thing as too successful, and now MSCI is warning that the state of affairs in renewable energy stocks may be taking the shape of a bubble. The bubble is as big as it was in tech before the dotcom crisis, according to data from the index provider. The data shows that renewable energy stocks have become so popular that the…