Should You Buy Oil and Gas Stocks and Sell Renewable Energy Stocks in 2022?
Renewable energy, particularly solar energy, was one of the best-performing industries in 2020 -- with the Invesco Solar exchange-traded fund (ETF) (NYSEMKT: TAN) rising over 233% that year while the energy sector fell over 36%. Since Jan. 1, 2021, however, the Invesco Solar ETF is down 31% while the energy sector is up over 66%. The energy sector is a bit of a misnomer, as it mainly contains oil and gas companies while solar companies typically fall in the technology, utility, or industrial sector.
The 180-degree flip was swift and brutal for investors who jumped out of oil and gas and into renewable energy. Here's why oil and gas is doing well while renewable energy stocks are on the decline, as well as some investment strategies worth considering now.
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Source Fool.com
