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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
The blue line is Helium's historical forecast. The black line is the actual closing price. Full transparency of past predictions. Hover over points for more information. Video Explainer.
Future Price Cone
The future price cone means the model thinks there is a 80% chance the price will land within the bounds of the cone. A blue cone is neutral, a green cone is bullish, and a red cone is bearish.
Model Correlation
Higher (closer to 1) means a more accurate model and lower (closer to -1) means a less accurate model. This is the Spearman Correlation between model predicted percent change and actual percent change calculated over the last 150 days.
Percent Correct (up or down)
This is the percent of the time our models predicted the correct direction of the price (either up or down) over the last 150 days.
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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
Renewable energy oversupply & expansion Balanced News
Renewable energy expansion faces grid challenges, but growth continues amid job booms and global investment.
Helium Summary:
Poland's grid operator temporarily disconnected wind and solar facilities due to an oversupply of renewable energy [Fox Business].
Meanwhile, renewable energy projects continue to grow in Asia, with India having 175 GW of installed capacity [jdsupra.com].
In the US, renewable energy job growth is on the rise, as coal plants become costlier to operate [Forbes].
Billions in UK renewable projects wait grid connections, raising concerns of delays in progress [bbc.co.uk].
May 23, 2023
Perspectives
Poland Grid Operator
Too much renewable energy making the grid unstable
Asia Renewable Energy Growth
Expanding capacity to tackle emissions
US Job Market
Renewable energy jobs boom and coal industry decline
UK Grid Capacity
Delays in grid connections hamper renewable project growth
Q&A
What challenges are arising from an oversupply of renewables?
Grid operators and countries must invest in infrastructure improvements to ensure stable grids [Fox Business]. How is renewable energy impacting job growth?
Renewable energy sector is creating more jobs, contributing to the decline of the coal industry [Forbes].
News Media Bias
Sources are mainly reliable, reporting factual information.
However, there may be bias towards an optimistic view of renewable energy expansion without fully probing underlying issues such as grid capacity and energy storage.
Context
News highlights rapid renewable energy growth; however, grid capacity and energy storage challenges may hinder smooth energy transition. Focus on countries innovating and improving their infrastructure.
Takeaway
As renewable energy rapidly expands, grid operators and countries must address infrastructure challenges to ensure smooth energy transition and future sustainability.
Potential Outcomes
1. Governments investing in grid infrastructure (70%)
* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy
of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions,
you should consult a financial expert before engaging in any transaction.
