Nickel at $100,000 a ton is proof of a monetary squeeze multiple associated to the underlying commodity. It nonetheless illustrates the dangers related to the bets on inexperienced power now piling up in buyers’ brokerage accounts.
Renewable-energy shares have been among the many few gainers within the rocky markets since Russia invaded Ukraine, in step with the power sector extra typically. Wind turbine maker Vestas Wind Techniques, for instance—the most important inventory within the S&P World Clear Power Index—has risen 37% since hitting a 20-month low two weeks in the past. There was robust shopping for of clean-tech shares from particular person buyers, in keeping with knowledge supplier VandaTrack, although curiosity stays far decrease than it was at the beginning of 2021 following President Biden’s election victory.