Another black year for green shares

The 2011 stock exchange year once again disappointed the investors in green shares. The IWR, a renewable energy institute, reported in Muenster (Germany) that the RENIXX World (Renewable Energy Industrial Index) was quoted at 241.28 points at year end, 54.4 percent down on the previous year (529.63).
Another black year for green shares

With losses of between 60 and 80 percent, Chinese wind and solar companies were among the biggest losers. American Superconductor stock recorded the highest losses, collapsing by almost 87 percent. Among German companies, losses were recorded at 28.3 percent for Nordex stock, 39.3 percent for SMA Solar, 56.5 percent for SolarWorld and 63.6 percent for Centrotherm.

Whilst global industrial company stock had to contend with sometimes very high losses, renewable supplier companies were in a better position. The stock of the Italian company Enel Green Power (+ 2.7 percent) and the Spanish renewable supplier EDP Renovaveis (+ 0.8 percent) bucked the trend to record slight gains.

The reason for the drastic collapse in stock prices may be found in the disappointing current financial position of the companies. "2012 can actually only turn out better," says IWR Director Dr. Norbert Allnoch.

Two Chinese companies were relegated as part of the routine revision of the list of companies included in the RENIXX World on 1 January: the PV manufacturer, Hanwha SolarOne, and the wind farm operator, China Windpower. The German bioethanol producer, Cropenergies, and the US solar company, STR Holdings, will be joining RENIXX World.

RENIXX World is the first worldwide stock index for the renewable energy industry. The index comprises 30 international stocks. The companies must generate at least 50 percent of their revenue in the field of renewable energy and the companies' weighting in the index is based on free-float market capitalisation. The RENIXX World is a global market barometer and a reflection of the renewable energy market's development worldwide.

For additional information:

Renewable Energy Industrial Index - World

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