Quote:
Originally Posted by Street Pharmacist
You were saying that Green stocks tanked because they weren't as profitable as hoped. I pointed out they're more vulnerable to high interest rates due to the nature of how their electricity business goes. No one said they couldn't survive. I was simply pointing out why the stocks have tanked. It's not silly.
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They tanked because of the crazy valuations that these stocks were priced at. If you look at the green electricity industry as a whole, they have massively underperformed their O&G peers. That was long before interest rates went up. Once the facilities are installed, the interest rates are locked in. Nobody on the planet aside from Algonquin is on variable debt. Nobody.