Investors Dumping Renewable Energy Stocks Like Hot Potatoes

Investors are voting with their money that unreliable renewables are not worth it. Investors dumped renewable energy funds from July through September at the fastest rate on record. Renewable shares "took a beating" from higher interest rates and soaring material costs, which are squeezing profit margins. In the six months from January through June, investors poured $3.36 billion into renewable shares. Investors took $1.4 billion (nearly half) out of renewables in the three months from July through September. That is the biggest-ever quarterly outflow. Investors are dropping renewables like a hot potato.

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