PRISM Solar Index is the Index to Watch as Europe Plans “Massive” Increase in Green Energy
May 18, 2022 at 6:21 pm - by Editor Prism MarketView
The PRISM Solar Index is the only index up today, largely due to the EU’s new plan to dramatically increase green energy output, which is great news for solar companies. All new buildings in the EU would be fitted with solar panels on their roofs in order to turbocharge a drive for renewable energy.
The European Commission wants half the bloc’s energy to come from renewable sources by 2030, which is more than double the current figure.
The PRISM Solar Index is up 0.6% today, on a disastrous day for the overall stock market. The Solar Index was led in gains by iSun, Inc. (ISUN), which is around 5% for the day.
