Clean-energy ETFs fall as ‘blue wave’ ebbs

/ / News

Clean-energy exchange-traded funds tumbled Wednesday as the likelihood of a Democratic sweep of Washington receded. The iShares Global Clean Energy ETF was down 3.6%, as was the SPDR S&P Kensho Clean Power ETF . The Invesco Solar ETF fell harder: down 4.3%. Those funds had gained heavily on investor bets that a “blue wave” of the White House and Congress would result in much more federal support for green energy projects. Over the past three months, they’ve gained anywhere from 24%, for the S&P fund, to more than 34%, for the Invesco ETF.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.