Renewable player overtakes ExxonMobil in market value

New York (AFP) – After decades of embracing fossil fuels, Wall Street appears to be shifting its allegiance to renewable energy, a sharp turn apparent in the contrasting fortunes of NextEra Energy and Exxon Mobil.Florida-based NextEra, a big player in wind and solar energy, has overtaken the global oil giant as the most valuable US energy company by market value.NextEra’s market capitalization has surged to $145 billion compared with ExxonMobil’s $142 billion, another emblem of the Texas giant’s diminished status after it was bumped this year from the prestigious Dow Jones index after more tha…

Read More

HEDGE accordingly