CleanTech Index outperforms ASX200, third month running

The ACT Ausralian CleanTech Index has outperformed the S&P ASX 200 Index.

The Australian CleanTech Index recorded a 3.9% gain over the month, compared to 1.6 per cent in the ASX200 and 2.5 per cent in the ASX Small Ordinaries Index.

It’s not only this month the CleanTech Index has been doing so well, the Index has consistently outperformed the Small Ordinaries Index over the past year, and the ASX 200 over the last three months.

Despite the upcoming election and its usual negative effect on investment in Australia, the Index has been performing consistently, up by 5.4 per cent over the past three months and up 4.1 per cent over the past 12 months.

Clean technology is quickly becoming a part of successful commercial companies as they move to increase efficiency and decrease costs. The increased business awareness around these newer, smarter more innovative companies may make the Index, and its companies, less vulnerable to policy changes as it garners more interest and investment.

The winners for the month, driving the Index’s stellar performance, were 13 companies with gains of more than 15 per cent. The top spots go to Soil Sub Technologies recording gains of 100 per cent, Quantum energy at 83 per cent gains, Carnegie Wave Energy, 74 per cent and Vmoto, 65 per cent.

Although these companies pulled the Index up, there were companies that reported large losses such as Galaxy Resources (59%), K2 Energy (40%) and Geodynamics (36%).

The Index is split into sub-sectors including water, biofuels, carbon trading and energy storage.  The best performing sub-sector was the Environment Index for the month of August, with a gain of 38 per cent.

The market capitalisation of the 70 stocks in the index is $9.5b, down from its peak of $16.3b in July 2007.

The Index provides a definitive measure of how Australian clean technology companies are performing on a national and international scale.

See the full August report here.