Results for the major clean tech stock indexes are blowing away the S&P 500. All of the four major indexes outperformed the S&P 500 in the past 12 months, but the wind index did not quite keep up on a YTD basis. In the following table, note that IXE is a fund with more conventional energy companies in it. It did not do well.
|As of September 30, 2019||CELS (U.S. Clean Energy)||GWE (Global Wind)||HHO (U.S. Water)||QGRD (Global Grid)||S&P 500||IXE (Energy Select)|
Here are the best and worst performers among individual stocks. Among the top 10 is Northern California-based Enphase Energy.
|SolarEdge Technologies Inc.||34.0%||Bloom Energy Corp.||-73.5%|
|Eolus Vind AB||31.8%||NIO Inc.||-38.8%|
|Gurit Holding AG||27.6%||JinkoSolar Holding Company Limited||-26.5%|
|TerraForm Power, Inc.||27.4%||TPI Composites, Inc.||-24.2%|
|RWE AG||27.1%||Nordex SE||-21.0%|
|MasTec, Inc.||26.0%||Siemens Gamesa Renewable Energy, S.A.||-18.4%|
|SIF Holding NV||24.4%||BYD Company Limited||-17.2%|
|The York Water Company||22.2%||MYR Group Inc.||-16.2%|
|Enphase Energy Inc.||21.9%||American Superconductor Corp.||-15.5%|
|Ballard Power Systems Inc.||19.9%||General Electric Company||-14.9|
ABOUT THE AUTHOR
Gary Simon is the Chair of CleanStarts Board. A seasoned energy executive and entrepreneur with 45 years of experience in business, government, and non-profits.