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By Louis Navellier
Even with the coronavirus pandemic, 2020 was still a strong year for renewable energy. In the first quarter of 2020, renewable energy increased 1.5% from the same quarter a year ago. The rise was thanks in part to a 3% bump in renewable electricity generation and more wind availability in the U.S. and Europe.
The growing demand was evident in the
Invesco Solar ETF’s (TAN) parabolic rise, which tracks renewable energy stocks. From December 31, 2019 to December 30, 2020, TAN surged a stunning 234%.
And it doesn’t look like the renewable energy sector will be slowing down anytime soon.
By 2027, the renewable energy market is estimated to be worth $2.9 billion, an 8.53% compound annual growth rate, according to Market Research Future. The reality is there’s been a big push for clean energy in recent years. 80% of the world’s biggest economies have pledged to be net zero by 2050. 284 multinational companies also pledged to be 100% clean energy.
Amazon vs. Etsy Which Stock Is the Better Buy? InvestorPlace 2/20/2021 © Source: Shutterstock The Etsy (ETSY) mobile app on a tablet display
The pandemic has forced many of us to change the way we shop these days, bringing more and more folks online to carry out their purchases. © Provided by InvestorPlace The Etsy (ETSY) mobile app on a tablet display
Evidence for the growing trend was abundant during the holidays.
For instance, e-commerce sales reached the $100 billion mark from Black Friday through Cyber Monday in 2020 for the first time ever. And online sales through the holidays increased 32.2% from the year prior to $188.2 billion, according to Adobe Analytics.
The Best Way to Play the Auto Industry’s Chip Shortage InvestorPlace 2/17/2021 Louis Navellier © Source: Shutterstock In Ultra Modern Electronic Manufacturing Factory Design Engineer in Sterile Coverall Holds Microchip with Gloves and Examines it.
Sales of automobiles are exploding in China a year after the pandemic forced manufacturers to temporarily shutter their plants. © Provided by InvestorPlace In Ultra Modern Electronic Manufacturing Factory Design Engineer in Sterile Coverall Holds Microchip with Gloves and Examines it.
In January, passenger car sales in China climbed 25.7% year-over-year to 2.16 million vehicles, making it the strongest month since September 2016, according to the China Passenger Car Association.
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