Quarterly overview of stock index performance and the top trends impacting the state of clean tech.
2019 was a strong year for Nasdaq-Clean Edge stock indexes, with all four indexes out-performing their benchmarks. On a total return basis for 2019, QGRD (global smart grid & grid infrastructure) was up 43.90%, CELS (U.S. clean energy) increased 42.67%, HHO (U.S. water) was up 37.93%, and GWE (global wind) increased 31.90%, all beating out the S&P 500’s 31.49% increase and IXE’s (energy select sector index) 12.09% increase during the same period.
During Q4 2019 (on a total return basis), CELS was the top Nasdaq-Clean Edge index performer, rising 16.61%, followed by GWE up 12.33%, QGRD up 11.21%, and HHO up 7.01%. During the same time frame, the S&P 500 increased 9.07% and IXE was up just 5.64%.