Check out two recent articles provide more detail.  One is from Ron Pernick at Clean Edge. The other is from Timothy Smith at Investopedia.

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)
QTD 1.52% -1.15% 2.79% 2.99% 1.70% -6.21%
YTD 22.34% 17.42% 28.90% 29.40% 20.55% 6.10%
12 Months 10.20% 8.45% 11.87% 6.46% 4.25% -19.01%

 

Here are the best and worst performers among individual stocks.  Among the top 10 is Northern California-based Enphase Energy.

Best Worst
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

Check out two recent articles provide more detail.  One is from Ron Pernick at Clean Edge. The other is from Timothy Smith at Investopedia.

Thomas Hall

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.

CleanStart Sponsors

Weintraub | Tobin, EY, Stoel Rives, Greenberg Traurig LLP

BlueTech Valley, Buchalter, Moss Adams, PowerSoft.biz

College of Engineering & Computer Science at Sacramento State


Contact Us

  • This field is for validation purposes and should be left unchanged.
Website developed by Ryan McBride for Ellington Marketing Solutions