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Battered Clean Energy Stocks May Soon Recover

The $300 Billion Plan to Bring Clean Power to China's Megacities
Photographer: Qilai Shen/Bloomberg

Clean energy stocks have been getting absolutely clobbered.

Two indexes that track the sector—WinderHill Clean Energy and S&P Global Clean Energy—have dropped 13.9% and 8.2%, respectively, since the start of the year. From their market peaks of early last year, the WinderHill index has plummeted 54% and the S&P index has declined 39%. (For context, the Nasdaq Composite Index has fallen 9.6% from its high in November.)