The Dynamic Nexus Between the US Business Conditions and Clean Energy Stock Performance
Abstract
Clean energy bolsters economic resilience but remains sensitive to adverse macroeconomic conditions. This paper employs a quantile-on-quantile connectedness approach to examine the links between US business conditions (ADS) and clean energy stock prices (ECO). The results reveal strong direct and inverse relationships, particularly at the tail quantiles. ECO consistently functions as a net shock receiver, highlighting its vulnerability to both extreme downturns and upswings in business activity.
Fields of Study & Subjects
Market Dynamics and Volatility
Sustainable Finance and Green Bonds
Financial Risk and Volatility Modeling
Publication details
- Journal / source
- Energy RESEARCH LETTERS
- Volume
- 7
- Issue
- Early View
- Publication date
- 28 January 2026
- Language
- EN