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.