Green Energy Stocks Surge 35%, Signaling Possible New Growth Cycle: Rystad Energy

OSLO: Green energy stocks are showing strong signs of revival, with the Green Total Return Index (TRI) soaring 35% in the past six months — its best performance since 2021, according to Rystad Energy.

Deputy Head of Analysis Artem Abramov said the rebound defied expectations amid 2025’s economic and policy headwinds. “The green energy index is up 40% this year, outperforming the general market by 25% and surpassing most oil and gas benchmarks,” he said.

Green Energy Stocks

Rystad attributes the rally to accelerating clean technology integration and renewed global focus on energy security. Still, Abramov cautioned that while valuations have recovered, they remain 40% below their 2021 peak after a 60% slump in 2022–2023.

Major contributors to the surge include CATL, Doosan, Sungrow, and Bloom Energy, which have seen strong earnings and strategic developments. Even excluding these leaders, the index grew 20% in six months.

Rystad noted growing interest from private equity and specialist funds, suggesting investors view the sector as having bottomed out. Despite lingering volatility, the firm said structural drivers — from policy resilience to technological learning — could sustain a new growth phase for green energy markets.

Business News