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.
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.
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.