Historically, the growth outlook of alternative energy companies has
been directly related to the state of the economy and inversely related
to the prices of petroleum products. While that relationship remains in
place, other macroeconomic uncertainties are weighing on the sector’s
fortunes.
According to the Energy Information Administration (EIA), the U.S.
generated about 13% of its electricity from renewable energy sources in
2011. Globally, however, China leads the world in total electricity
generation from renewable sources, helped by its increased allegiance in
recent times to the alternative path. The dragon is followed closely by
the U.S., Brazil and Canada.
The continuing financial strains in the Eurozone, slow recovery in the
unemployment rate and capital goods orders, aftershocks of Hurricane
Sandy and ongoing fiscal contraction continue to weigh on the recovery.
This otherwise bleak picture is only partly offset by the steadily
improving outlook for the U.S. housing sector and a stronger dollar. (more)
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