After a slow start to the year, alternative energy / cleantech stocks have outperformed the market over the last three months
- Over the last three months, on average, alternative energy / cleantech stocks are up 13.8% as compared to the Nasdaq (up 11.1%) and the S&P; 500 (up 5.2%)
- Over the last 3 months, only two groups are in negative territory: biofuels (down 13.5%) and environmental services / waste management (down 4.2%)
- In the U.S., 5 deals priced in May – Ascent Solar, Itron, Ormat and Polypore completed follow-on offerings raising aggregate primary proceeds of $620 million, and Real Goods Solar completed an IPO raising $50 million
- Globally, 37 deals have priced in 2008, raising only $2,862 million (11 IPOs, 22 FOs, and 4 Converts), compared to 54 deals raising $8,657 million in the first 5 months of 2007 (18 IPOs, 25 FOs, and 11 Converts)
- Globally, 173 private placements were completed raising $3,851 million in the first 5 months of 2008, compared to 141 private placements raising $2,319 million in the first 5 months of 2007the beginning of the year, the WilderHill Clean Energy and Nasdaq Clean Edge indices are off 23.3% and 22.6%, respectively, as compared to the Nasdaq (down 6.4%) and the S&P; 500 (down 3.4%)
- In the U.S., companies in the sector have completed 24 PIPEs raising $602 million, compared to 23 deals raising $535 million in the first 5 months of 2007
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