The energy sector is one of the few places where investors have found safety so far in 2022. While future energy stocks Plug Power Inc. and Enphase Energy Inc. are both down 16 percent year-to-date, shares of legacy oil and gas major Exxon Mobil Corp. are up 28.6 percent so far in 2022.
The outperformance of energy stocks has been driven in large part by soaring crude oil and commodity prices. At the same time, a rotation out of the tech sector has weighed on growth stocks like Apple, Inc. and Amazon.com, Inc..
