The Energy Trade is Expanding π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Ian McMillan.
While most attention remains on tech, clean energy stocks (PBW) have quietly closed at new multi-year highs on both an absolute and relative basis.
The ETF is already up over 25% year-to-date, led by top holdings: Sigma Lithium (SGML), Bloom Energy (BE), and FuelCell Energy (FCEL).
This strength across both clean and traditional energy (XLE) speaks to a broader structural shift as demand increases across the entire space.
The Takeaway: The energy trade is expanding beyond fossil fuels, with PBW breaking out to new highs.
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