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CTS APPLICATION FOR EXEMPTION MUST BE FILED WITH CITY OF UTICA ASSESSOR BY AUGUST 1 Do not file form with the Office of Real Property Tax Services l. Name and telephone no. of owner(s) Day No. ( 2. Mailing address of owner(s) ) Evening No. ( ) E-mail address (optional) 3. Location of property: , City of Utica Street address Property identification (see tax bill or assessment roll) Tax map number or section/block/lot 4. Description of residential property for which exemption is sought:.
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Overall, the global buildout of wind and solar generation projects continues. But companies canceled a number of high-profile wind projects. And several legacy automakers dialed back electric vehicle plans. The IBD-tracked Utility-Electric Power industry group fell 13% in 2023.
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It lost more than a third of its value in 2023, weighed down by concerns about rising interest rates and potentially lower profit margins in the space. Surging rates made it harder for companies to secure the capital needed to build and/or buy renewable energy assets. That's affecting their growth.
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Renewable energy stocks have experienced a significant decline in recent months, lagging behind fossil fuel companies. This decline is primarily attributed to the impact of higher interest rates on the sector.
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Clean energy stocks are out of vogue, as higher interest rates and lagging efforts to combat climate change dog the sector. Those obstacles might not go away anytime soon.
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Recent trends put more pressure on oil stocks By January 2023, the price hovered near $70/barrel. Haworth says the recent drop in oil prices, and consequently oil stocks, may be due in part to expectations of lagging demand should an economic downturn occur.
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The stock market is having a rough start to 2024, and that's causing the renewable energy industry to give back a lot of what was gained late in 2023. Today, stocks dropped because the Federal Reserve's meeting minutes from December were released and weren't as rosy as the market thought.
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Many people have personal or ethical reasons to invest in renewables, but the chance to help the planet isn't the only potential benefit of including renewable energy in your portfolio. Investing in alternative energy can help diversify your holdings.
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Rising energy prices tend to benefit energy-related stocks, and conversely falling prices can, at times, dampen investor enthusiasm for the sector. For example, in 2021 and 2022, oil prices trended higher, peaking at more than $120/barrel in 2022. That upward price trend seemed to propel the energy stock performance.
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