Business World of Renewable Energy

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Green Stocks on The Upswing - RENIXX World About to Break Even in 2022

Muenster, Germany - While many international stock indices such as Dow Jones or Nasdaq have suffered high and in some cases double-digit losses since the beginning of 2022, the global stock index for renewable energies RENIXX World is on the verge of breaking even.

With today's gain in the RENIXX of currently around 1.56 percent to around 1,658 points (6:00 p.m.), the renewable leading barometer is thus only missing just under 10 points to reach the level at the end of 2021 (Dec. 30, 2021: 1,667.1) again. However, the gains and losses of the individual stocks are very high.

Among the top gainers in the RENIXX 2022, as of 07/07/2022 close, are Daqo Energy (128%) ahead of Jinkosolar (93.4%), Boralex (41.4%) and Encavis (25.7%). At the bottom of the index are currently ITM Power (-50.9%), Ceres Power (41.6%), Nordex (37.6%) and Scatec ASA (-37.1%).

This year's events such as the Russian invasion of Ukraine, the energy crisis, high inflation, interest rate and recession fears have not left the RENIXX World unscathed. This is expressed in high price volatility. This year's annual high was reached on April 6, 2022 at 1,825 points, the previous annual low was marked on May 12, 2022 at 1,314 points.

The RENIXX World (Renewable Energy Industrial Index) is the first global stock index of the global renewable energy industry, started in 2006.

Source: IWR Online, 08 Jul 2022