Our theme on Renewable Energy Stocks – which includes U.S.-based solar panel manufacturers, lithium miners, and hydrogen fuel cell producers –  has rallied by about 17% year-to-date, faring better than the broader S&P 500 which remains down by about 14% over the same period. So, why has investor interest in the sector surged at a time when the Fed’s aggressive rate hikes are hurting growth stocks? Firstly, the Inflation Reduction Act which carries about $370 billion in subsidies and credits for clean energy investment in the United States, was signed into law by President Biden in August.