Liam Denning, Columnist

Clean Tech Comes Back Around: Elements by Liam Denning

Green stocks rebound to 2020 levels as US climate bill passes.

August 15, 2022 at 11:21 AM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Heliostatic mirrors reflect sunlight at a solar farm in the California desert.
Photographer: Bing Guan/Bloomberg

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Hi, this is Liam Denning with today’s edition of Elements, Bloomberg’s new energy and commodities newsletter. We bring you a daily mix of commentary from Bloomberg Opinion writers and the best of our market-leading news coverage. We hope you’re enjoying it, and if you haven’t yet signed up to get it direct into your inbox, you can do that here.

Election Day in November 2020 was a good time to buy clean-technology stocks, as President Joe Biden won office with a sweeping green agenda. A good time to sell was about three months later, after the WilderHill Clean Energy Index more than doubled despite Biden having barely sat down in the Oval Office. Having since retraced all of that, the index now is back to almost exactly where it was when voters gave Biden the nod.