Almost half (46 percent) of U.S. investors see similarities between today’s clean energy sector and the dot-com crash of 2000, Investing.com has found in newly released data.

According to a survey of more than 1,200 respondents, 70 percent of investors are disappointed with clean energy’s performance under the Biden administration, including 41 percent who said investments have “fallen significantly short” of their expectations. Thirteen percent confirmed they will sell their clean energy investments now, less than a year into Biden’s presidency.

The survey results come amid clean energy’s relative underperformance in the market compared to the lofty expectations which were set at the onset of the Biden administration. More than 40 percent of respondents said investors are jumping on the clean energy bandwagon too early. Thirty one percent attributed the sector’s underperformance to Biden’s failure to live up to his campaign promises, and 29 percent cited supply chain issues associated with the reopening of the economy following the COVID-19 lockdown. More than 90 percent expressed that clean energy stocks’ performance are connected to government policy, including 46 percent who described that connection as “strong.”

Of the survey respondents, 45 percent identified as having investments in clean energy stocks or ETFs. One in five of those invested introduced clean energy into their portfolios after Biden was elected president, while about one in four specifically made these investments due to their perceptions surrounding the sector’s growth potential under Biden.

As it turns out, Biden was not the only public figure driving the investments, with 28 percent of respondents saying Tesla chief Elon Musk played a role in their decisions at least to some extent. Not surprisingly, then, Tesla stock was part of the portfolios for nearly 40 percent of clean energy investors in the survey, with nearly 35 percent investing in Pacific Ethanol as well as roughly 30 percent in Plug Power and Nio. The most popular ETFs for clean energy investors, meanwhile, were iShares Global Clean Energy (34 percent), Invesco Solar (23 percent), and First Trust Nasdaq Clean Edge Green Energy Index Fund (20 percent).

Read the complete version of this story on the Investing.com website at this link: https://bit.ly/3rNRHvN