Clean Energy Stocks Are a Stea

On Monday, clean energy stocks rallied on the news that the Inflation Reduction Act passed the U.S. Senate. The bill, which includes nearly $370 billion in provisions to spur the nation’s transition to clean energy, is expected to pass the House as early as this week, barring an unlikely break in party lines.Alongside those cheering the positives, there are some investors denouncing clean energy stocks as bad investments precisely because of the government subsidies. Their argument is that if a company needs “government handouts” in order to grow, then it is doomed to provide lackluster returns for investors.However, the critics seem to be overlooking the billions of dollars in annual subsidies that are granted to companies in other industries, especially the fossil fuel industry. What they fail to realize is that money is money, regardless of where it comes from.From fossil…

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