Transition to clean energy falters as green tech funding falls short [Financial Times (FT.com) (UK)]
First Solar, Inc. (FSLR)
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Source: Financial Times
Simon MundyNovember 11 2024Jump to comments sectionStay informed with free updatesSimply sign up to the Digest -- delivered directly to your inbox.At first sight, the outcome of last December’s COP28 summit promised to give a major boost to the world’s clean energy companies and their investors. Negotiators from nearly 200 countries agreed to pursue a tripling of global renewable power capacity by 2030 and to double the rate of efficiency improvement.Meeting these targets would mean a surge in growth for the companies developing, and deploying, technology to lower global energy emissions.Yet this upswing has proved slow to materialise. The iShares Global Clean exchange-traded fund, which holds a broad basket of climate tech stocks, declined 6.5 per cent in the 12 months to November 4, against a 26 per cent rise for the FTSE index.In private markets, too, the numbers have disappointed. Analysis by research company Sightline found that climate tech start-ups r
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FSLR
Earnings
- 10/29/24 - Miss
FSLR
Sec Filings
- 11/8/24 - Form SC
- 11/4/24 - Form 4
- 10/31/24 - Form 144
- FSLR's page on the SEC website