CLEANWATCH | Nasdaq Clean Edge Indexes Beat S&P 500 Over 12-Month Period; Top Q1 News Stories; and More

Jay Owen Green Prosperity, SRI/ESG News, Greentech

Welcome to Cleanwatch. Each quarterly issue highlights stock index performance, top industry trends, event updates, and more.View: Q1 2020: Index Review & Top Stories

By Ron Pernick

Covid-19 and the resulting pandemic brought the stock market – and the entire global economy – to its knees during Q1. With hundreds of millions of people on lockdown/stay-at-home orders worldwide, global supply chains frayed and massively disrupted, and companies and countries adjusting growth projections downward, the markets, not surprisingly, declined significantly during the first three months of 2020.

On a total return basis for Q1 2020, GWE (global wind) decreased 16.14%, CELS (U.S. clean energy) was down 19%, HHO (U.S. water) declined 19.80%, and QGRD (global smart grid & grid infrastructure) was down 21.32%. During the same time frame, the S&P 500 was down 19.60%, reflecting a similar decline to our four Nasdaq-Clean Edge thematic indexes. Traditional fossil fuels, however, took a double hit, from not only the coronavirus, but also an oil price war between Saudi Arabia and Russia which saw oil prices crater. Against this backdrop, the IXE (Energy Select Sector Index) was down 50.74% (nearly triple the decline of U.S.-listed clean energy), during the first three months of the year.

Over the past 12 months (total return basis through the end of March), all of our Nasdaq-Clean Edge indexes outperformed both the S&P 500 and the IXE…
See Complete Stock Index Performance & Top 15 Stories Here

12-Month Nasdaq-Clean Edge Index Performance through March 31, 2020 (Total Return)

 

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