By Abigail Tracy, Inc.com:
Alternative energy is losing its luster for investors as government support fades and traditional energy costs fall.
Investors seem to be souring on plugging their “green” into green energy start-ups.
There are a couple of factors at play in the growing hesitance to invest in green energy companies: Declining energy prices and uncertainty about future government backing of alternative energy sources, according to an article on CNNMoney.
“The bottom fell out of the market,” Rosa McCormick, managing director of Austin’s Wild Basin Investments, told CNNMoney. “No one wants to touch that. It’s toxic from an investor point of view.”
One of the major factors in the shift is the drop in the price of natural gas—which, according to the article, is “less than half what it was just a few years ago,” making investments in alternative technologies less comparatively valuable than in the past…. Read more