Australian CleanTech Index Falls in November

Dec 11 2009 | 9:50am ET

The ACT Australian CleanTech Index fell 2.4% over the month of November to 68.4.

The Australian index slipped more than both its benchmarks – the S&P ASX200, which fell 0.1% and the S&P ASX Small Ordinaries Index, which gained 2.4%.

For the calendar year to date, the ACT index has gained 10.2%, significantly below the 25.1% gain of the S&P ASX200 index, and the 49.0% gain of the S&P ASX Small Ordinaries index.

The market capitalization of the 77 stocks in the ACT Australian CleanTech Index is A$10.2 billion, down from a peak of $16.3 billion in July 2007.

The month’s performance was driven by poor results from Quantum Energy, Infigen Energy, Island Sky, Transpacific Industries and Carnegie Wave Energy (in reaction to its failure to secure the REDP funding). The results were partially offset by strong results from WHL Energy, Solverdi Worldwide, Mission NewEnergy, Dolomatrix and Pro-Pak Packaging.

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