In a high-interest rate climate, both EV and solar stocks are underperforming, with major companies like Tesla and Enphase facing challenges, making neither an immediate attractive investment.
Energy stocks had a good run in 2022. This is in part due to the Russian-Ukrainian war, which resulted in higher demand for energy-related service. The run seeks to continue in 2023 as some energy companies are looking at ways to diversify. Enphase Energy is poised to give investors a project 50 percent return in the first quarter of 2023