What's Driving The Outperformance In Renewable Energy Stocks?

Contributing sentiments towards policy:

61% : Moreover, second-quarter earnings from many renewable players such as Enphase Energy , First Solar, and Bloom Energy were stronger than expected, and this has also helped the sector as there has been a rising demand for clean energy products following the disruption in the oil and gas market following Russia's invasion of Ukraine.
59% : Our theme on Renewable Energy Stocks - which includes U.S.-based solar panel manufacturers, lithium miners, and hydrogen fuel cell producers - has rallied by about 17% year-to-date, faring better than the broader S&P 500 which remains down by about 14% over the same period.
59% : Firstly, the Inflation Reduction Act which carries about $370 billion in subsidies and credits for clean energy investment in the United States, was signed into law by President Biden in August.

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