Since the New Bull began its charge on March 9, clean energy stocks have put together a mighty rally of their own, as they outpaced the US equities market as a whole. Savvy market observers believe that it reflects the benefits of being on the right side of political trends, thanks to initiatives from China, the United States and other countries. Three major indexes tracking green energy companies have risen sharply of late. The US -only Wilderhill Clean Energy Index, comprising 51 companies, is up 72% since the March 9 low. Its global counterpart, the Wilderhill New Energy Global Index, which tracks 88 companies in 21 countries, is up 66% in the same period. The CleanTech Index, which tracks a broader group, including industries like sustainable agriculture, is up 57%. By comparison, the S&P 500 is up 35% since hitting a 12-year low on March 9. The Green stocks are recovery mode have being hammered on demand concerns brought on by the drop in the price of Crude Oil and the credit freeze, the Wilderhill indexes plunged 70%, and the Cleantech Index 50 %, in 2008. The indexes are still off 2007 peaks.
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