Alternative Energy Companies Post Losses
Harris Roen, Editor
Roen Financial Report
October 25, 2012
Annual returns have turned negative for all the alternative energy industries, but have dropped the least for energy efficiency companies. Smart grid and alternative fuels averages are being weighed down by losses from A123 Systems (see stock alert dated 7/10/2012).
Quarterly gains for wind, in addition to quarterly gains for energy efficiency companies, remain impressive. The average gaining wind company was up 63% for the quarter, led by companies like Western Wind Energy Corp and Trinity Industries, while the average looser was down only 10%. Quarterly gains in energy efficiency companies are being led by Nexxus Lighting and EnerNOC.
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