Clean energy stocks at lowest level since 2003.

July 30, 2012 Clean Energy, Finance 

Bloomberg: “The WilderHill New Energy Global Innovation Index, a global index of clean-energy stocks, declined to a nine-year low as the industry faces oversupply, falling prices and uncertain government support. The NEX index, as it’s known, fell 81 cents to $102.40 in New York last week, its fourth consecutive drop and its lowest price since April 2003. The index has lost 19 percent of its value this year. NEX tracks 96 solar, power-storage, energy-efficiency, wind and biofuel companies, all industries that have been hard-hit as governments in Europe and the U.S. scale back subsidies and the weak global economy slows demand, said Joseph Salvatore, an analyst at Bloomberg New Energy Finance in London. That’s pushing some investors to seek safer havens.”

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