Tom Explains that Clean Energy is Developing
Transcript:
Katie Nealis: So we have another great question in here from mod. If clean energy has a bright future, why does it seem to go up and down and not just up?
Tom Vaughan: Oh, that’s a great question. Because clean energy had a phenomenal year, last year all together. But it kind of suffered in the downturn of for the COVID piece had some downturns in 2018. So here’s what’s happening with clean energy, for the most part, it’s still a developing arena. And there isn’t a tremendous amount of stability there, partly because of the, you know, the development of the solar panels, for example, or all these new technologies. And the acceptance of that. And clean energy has a lot of, you know, government tie ins where, you know, a state is trying to or the federal government is trying to push through.
So we’re starting to see clean energy do really well, because of it. Matter of fact, we’ve had a big downturn this year and clean energy, some of them are down 20 30% from their highs, and mid February, a lot of those are turning around literally in the last couple of weeks clean energy is looking like a possible buy point here. And that has a lot to do with what’s happening within this current administration. They’re really pushing the concept of clean energy as a whole, making this prop part of this infrastructure called the American jobs plan that they’re working on that was announced, you know, last month, so it just it just sort of a Herky jerky thing, energy in and of itself generally is fairly volatile.
The future is most likely clean energy. You know, we have entire countries like the US and China, declaring dates when they want to be carbon neutral. We have states like California and New Jersey that are pushing for the same thing being carbon neutral or electric vehicle sales only. So the future is clean energy, it just gets ahead of itself. I mean, last year, it was up most of the indexes I was looking at were up 100 to 300%. You know, you’re not going to get that every year, right? I mean, just not gonna happen. So, you know, it’s settled back down and maybe like to say we had this 20 30% downturns and I think people are starting to nibble now because there will be some, I think some money coming out from the government, even in just in the subsidies so that if you go by electric vehicle or put solar on your house, you might get some tax breaks, which could help, you know, propagate the clean energy up. So it’s just one of the things you have to be patient with. It’s still developing