The best hedge against rising energy prices
smartmoney.onehave gained 28,5% and 12.8%, while global index MSCI World have advanced 6,9%. At the peak of oil's rise on March 7 amid general sell-offs, when the S&P 500 lost 3%, solar energy providers, including Sunnova (+13%), Sunrun (+10%) and others, outperformed the market.Even oil and gas stocks fell 3%, despite higher oil prices.
This trend will continue due to high volatility in global markets. Stocks of alternative energy providers as an undervalued hedge against higher volatility in commodity prices.We have picked five alternative energy stocks with the highest upside.We consider these stocks an undervalued hedge against higher volatile commodity prices, both in the short and long run. 1.Sunrun is a leading home solar, battery storage, and energy services company, it is engaged in the development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States.