Solar Stocks Are Soaring On A New Funding Frenzy

Over the past two years or so, the clean energy sector has emerged as a major laggard with investors giving it a wide berth. The iShares Global Clean Energy ETF (ICLN), a catch-all bet on clean energy, is trading 30% below its January 2021 peak after a major rally fueled by ESG optimism drove many stocks in the sector to record highs and stratospheric valuations.   Luckily for the sector, the passing of the historic climate bill dubbed the Inflation Reduction Act has given it a much-needed shot in the arm. IRA allocates $369 billion to renewable…