YWR: Untouchable #8
2021 was the peak.
This sector was going to change the world.
Everyone had to get on board.
Europeans were fanatical about it.
Asset managers pledged their love for it.
Then came the crash.
The last 4 years have been an investment disaster.
Billions of write downs and project cancellations.
CEO’s have lost their jobs, or are trying to back away from it.
The skeptics look vindicated.
The Europeans look naive…..
Nobody wants to mention this sector’s name. It’s too embarrassing.
The sector has become Untouchable..
Which is why we start to get interested.
Amidst the rubble and ash could there be some opportunities in this hated sector?
Let’s look at how how this sector could redeem itself, how the business models may change and ways to play it.