S&P 500
The March 11 earthquake and tsunami off Sendai, Japan -- and the resulting nuclear disaster at the Fukushima Daiichi nuclear power plant -- transformed a strong performance for Q1 equities markets into a gangbusters performance. Renewable energy stocks -- especially wind and solar power companies -- were huge beneficiaries of investors betting that these sectors will fill the void created by a flight from nuclear.
The EnergyBoom Efficiency Subindex (E•B Efficiency) led all green sector subindices and ETFs and the broad stock market indices this week with an increase of 5.55 percent. Second-best subindex performer was EnergyBoom Solar Subindex (E•B Solar) with a gain of 3.11 percent.
EnergyBoom’s E•B Biofuel subindex was up 1.23 percent last week, beating the broad market U.S. indices and EnergyBoom’s other four clean sector indices. Only the DAX index of 30 German bluechips trading on the Frankfurt Stock Exchange -- with a weekly increase of 2.12 percent -- performed better than E•B Biofuel.
The S&P/TSX Clean Technology Index was launched in March 2010 -- and over these six months it has outperformed the clean and green exchange-traded funds (ETFs) and the overall markets.
This is Day 4 of Winner’s Week in which we highlight five clean energy/tech companies whose share price performances significantly outperformed the overall markets and their clean peers during the first half of 2010 and the year from July 1, 2009.
This is Day 3 of Winner’s Week in which we highlight five clean energy/tech companies whose share price performances significantly outperformed the overall markets and their clean peers during the first half of 2010 and the year from July 1, 2009.
This is Day 2 of Winner’s Week in which we highlight five clean energy/tech companies whose share price performances significantly outperformed the overall markets and their clean peers during the first half of 2010 and the year from July 1, 2009.
The only bright spot in four quarters of darkness for alternative energy and clean tech stocks came from the global water sector as mirrored by the Claymore S&P Global Water Index exchanged traded fund (ETF) (NYSE: CGW).
Some special attention today for a handful of alternative energy companies that achieved share price increases yesterday in the face of the equity markets’ across-the-board decline: Biofuel Energy, Nevada Geothermal Power, Shear Wind, Lithium One, Fuel Systems Solutions, Oxford Catalysts Group PLC, Q-Cells SE, PV Crystalox Solar PLC, Aleo solar AG.
When the stock market was declining through mid and late 2008 and early 2009, great buying opportunities were everywhere. But who knew the bottom would be the first week of March 2009.
If you dallied a week, you missed 10% of the recovery. So nearly everybody missed the bottom.
