Shares in wind power companies declined almost 10% so far this year, matching losses suffered in all of 2021 dragged down by persistent shortages and supply chain issues and lower margins. While it was believed that supply-side constraints would soften in the second half of the year, they have persisted, increasing the prices of raw materials. Wind turbine manufacturers are particularly sensitive to those problems since assembling and transporting the massive structures are logistical feats in and of themselves. Meanwhile, rising costs, competition in the industry and weaker demand have narrowed profit margins. Looking ahead, some wind energy stocks can benefit from the climate bill that President Joe Biden signed on August 16th. Demand for wind turbines and components could raise amid tax incentives and rebates to companies and people, as part of the federal government investment of $375 billion to fight against the impact of climate change.
Historically, Wind Energy Index reached an all time high of 426.59 in January of 2021. This page includes a chart with historical data for Wind Energy Index. Wind Energy Index - data, forecasts, historical chart - was last updated on September of 2022.
Wind Energy Index is expected to trade at 406.61 USD by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. Looking forward, we estimate it to trade at 433.97 in 12 months time.