30 December 2011
Internationales Wirtschaftsforum Regenerative Energien (IWR)
Another black year for green shares – RENIXX World collapses by 54.4 percent
Muenster - The 2011 stock exchange year once again disappointed the investors in green shares. The IWR, a renewable energy institute, reported in Muenster that the RENIXX World (Renewable Energy Industrial Index) was quoted at 241.28 points at year-end, 54.4 percent down on the previous year (529.63). The stock exchange barometer for renewables had lost 29.3 percent in 2010 already.
With losses of between 60 and 80 percent, Chinese wind and solar companies were among the biggest losers. American Superconductor stock recorded the highest losses, collapsing by almost 87 percent. Among the German companies, losses were recorded at 28.3 percent for Nordex stock, 39.3 percent for SMA Solar, 56.5 percent for SolarWorld and 63.6 percent for Centrotherm. Whilst global industrial company stock had to contend with sometimes very high losses, renewable supplier companies were in a better position. The stock of the Italian company Enel Green Power (+ 2.7 percent) and the Spanish renewable supplier EDP Renovaveis (+ 0.8 percent) bucked the trend to record slight gains.
The reason for the drastic collapse in stock prices may be found in the disappointing current financial position of the companies. Says IWR director Dr. Norbert Allnoch: "2012 can actually only turn out better."
Two Chinese companies will be relegated within the framework of the routine revision of the list of companies on January 1, 2012: the PV manufacturer Hanwha SolarOne and the wind farm operator China Windpower. The German Bioethanol producer Cropenergies and the US solar company STR Holdings will be joining the RENIXX World list of companies.
About the RENIXX World
The RENIXX World is the first worldwide stock index for the renewable energy industry. The index comprises 30 international stocks. The companies must generate at least 50 percent of their revenue in the field of renewable energy and the companies’ weighting in the index is based on free-float market capitalization. The RENIXX World is a global market barometer and a reflection of the renewable energy market’s development worldwide.
RIC (Reuters Instrument Code): .RENIXX
Name: RENIXX® - Renewable Energy Industrial Index – World
Muenster, January 3, 2012
Publication and Reprint free of charge; please send a voucher copy to
the International Economic Platform for Renewable Energies (IWR).
Attention editorial offices: For further questions please contact Mr.
Dr. Norbert Allnoch, International Economic Platform for Renewable
Soester Str. 13
Phone: +49 (0)251 / 23 94 6-0
Fax: +49 (0)251 / 23 946-10