CNBC Pro

Investors are plowing money into clean energy funds as Ukraine war puts energy needs in spotlight

Sutad Watthanakul | EyeEm | Getty Images

Investors are returning to clean energy stocks after months of exiting the space as Russia's war on Ukraine shines a spotlight on energy security. Higher and volatile oil and gas prices also make the case for renewables more attractive. 

Renewable-energy funds saw about $642 million in inflows during March, according to data from Morningstar Direct. The activity follows three straight months of decline, that saw roughly $1.9 billion yanked from the space.

More In Future of Energy

CNBC ProFirst Solar jumps as Piper Sandler upgrades the stock, cites strong volume and pricing
CNBC ProWells Fargo double downgrades Ford and GM, says 2022 could be 'peak profits' for legacy automakers
CNBC ProRaymond James upgrades Clean Energy Fuel Corp., says alternative fuels could bounce back