$SNPW ALERT>.0114^8% .Renewable energy stocks are outperforming as the rapid surge in oil and gas prices — prompted by Russia’s invasion of Ukraine — makes the case for alternative energy sources more compelling.
__________________________________________________________ BloombergNEF says global solar will cross 200 GW mark for first time this year, expects lower panel prices
Oil shot above $100 per barrel for the first time in years the day Russia invaded Ukraine, and has climbed sharply higher since. On Thursday, Brent crude, the international oil benchmark, hit $119.84 per barrel, while the U.S. benchmark topped $116.
“The move higher in global natural gas and power prices is potentially a longer-term catalyst for acceleration of development of renewable energy capacity globally across a variety of technologies including solar, wind and green hydrogen,” said Ameet Thakkar, energy transition and infrastructure analyst at BMO.
“These energy sources will be viewed as more price competitive in a higher for longer scenario for energy prices,” he added.
MORE AND MORE SOLAR PANELS NEEDED AND INVERTERS,Batteries Energy Storage etc.Go $SNPW selling there Solar Panels/Products and Fox-ess Inverters/Batteries CHA CHING CHA CHING $$$$$$$$
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