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Green Stocks: RENIXX World Jumps to New High For The Year - 17 Percent Annual Gain 2022

Muenster, Germany - Most international stock indices have suffered more or less heavy losses since the beginning of 2022. The Dow Jones is still down about 6 percent, the Nasdaq 100 more than 16 percent. The CAC (-7,8%), DAX (-12%) and the S&P 500 (-9,7) are trading significantly weaker than at the beginning of the year.

Bucking the trend, the global stock index for renewable energies, the RENIXX World (Renewable Energy Industrial Index), made strong gains and marked a new high for the year (1,956 points). This means that the RENIXX can currently boast a gain of 17 percent since the beginning of 2022.

RENIXX stocks have performed very differently so far in 2022. The top gainers in 2022, as of the close on Aug. 15, 2022, include Chinese polysilicon producer Daqo, with a gain of more than 100 percent, followed by Enphase Energy (81%), Jinkosolar (61%), Boralex (60%), First Solar (52%), Canadian Solar (52%) and Encavis AG (49%).

The current losers list is led by British hydrogen electrolyser manufacturer ITM Power, down 46%, followed by Ceres Power (-27%), China Lonyuan (-27%), Scatec (-25%), Nordex (-24%) and Ballard Power (-16%).

The background to the current rally in the RENIXX World global stock index is the fundamentally changing political environment in key economic areas. After the European Union adopted the RePowerEU initiative, the USA is now following up with the largest climate protection package in US history. In both programs, renewable energies, green hydrogen and electromobility form the central building blocks of the energy transition.



Source: IWR Online, 17 Aug 2022