Three clean energy stocks to avoid for now

2024 is not a good year for clean energy stocks. Investors hoping for a quick transition to green energy have been disappointed. High interest rates are motivating investors to seek better returns in other segments. As a result, clean energy is losing its appeal.

Despite a promising future in clean energy, investors want quick profits. But these are not available in 2024. Clean energy companies perform poorly, leading investors to turn away from them.

One of the main reasons for this trend is declining consumer demand. For example, a solar system is a significant investment for most households. Installation can cost up to $27,000 before subsidies, meaning most solar installations require a loan. However, high interest rates make investing in solar systems too costly for many people.

As people wait for interest rates to drop, many solar stocks are suffering. Until rates fall, clean energy will continue to decline. Regardless of the end of Federal Reserve rate hikes, this trend will…