Has the wind gone out of alternative energy?

The ETFs have seen significant price drops

This year has seen alternative energy assets go up like a rocket and down like a stick.

Following strong inflows and price increases last year, alternative energy ETFs have seen significant price falls over the course of this one. While the S&P 500 is up about 18% year to date, Lipper's Equity Theme, Alternative Energy, is down about 3%, and the world's largest alternative energy ETF has fallen more than 30%. Sector assets snowballed from the second quarter of last year as alternative energy ETFs rallied hard following the first quarter's pandemic meltdown. More than £13bn has gone into alternative energy ETFs over 12 months to end July. And, despite the correction assets a...