Wednesday, July 1, 2009

Dramatic Green Stock Growth on Wall Street

In the discussion about green energy alternatives and job creation, the overall growth of clean energy companies is a factor to watch. The green company stocks are rising faster thanU.S. comapnies overall.

James Pethokoukis of Reuters reports:

"Three major indexes tracking green energy companies have risen sharply of late. The U.S.-only Wilderhill Clean Energy Index, comprising 51 companies, is up 72 percent since a March 9 low. Its global counterpart, the Wilderhill New Energy Global Index, which tracks 88 companies in 21 countries, is up 66 percent in the same period.

The CleanTech Index, which tracks a broader group, including industries like sustainable agriculture, is up 57 percent. By comparison, the S&P 500 is up 35 percent since hitting a 12-year low on March 9." See full article.

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