ORA - American Clean Energy Is Heating Up European Renewables Offer Fundamentally Sound Diversification Opportunities
So far in the pandemic, clean energy utilities have held up well providing returns averaging 21% year-do-date. Familiar US-listed names include the likes of Atlantica Sustainable Infrastructure (AY), Brookfield Renewable Partners (BEP), Azure Power Global (AZRE), TerraForm Power (TERP), Ormat Technologies (ORA) and NextEra Energy Partners (NEP).
Total Returns: US-Listed Clean Energy Stocks
Source: Seeking Alpha
However, the overall momentum in the sector seems to be outweighing the fundamentals considering mean growth rates of the companies; so overvaluation is a possibility.
Growth Metrics: