Q1 2023 Review
Quarterly overview of stock index performance and the top trends impacting the state of clean tech.
The first quarter of 2023 saw Nasdaq Clean Edge’s four core indexes rebound from their double-digit declines in 2022. While high interest rates and inflationary pressures continued to dog global markets, tech- and infrastructure-oriented clean-energy stocks were back in favor during Q1, while oil and gas were set back after their meteoric rise over the past two years and broader volatility in the fossil fuel sector.
QGRD (global smart grid & grid infrastructure) and CELS (U.S. clean energy) both beat out the S&P 500 during Q1, up 12.23% and 10.71% respectively compared to the S&P 500’s increase of 7.5%. HHO (U.S. water) increased 5.63% and GWE (global wind) increased 3.65% during ...