Climate tech outperforms the NASDAQ — Blink Charging, PlugPower and SunPower leads the ways
Climate tech has been one of the best performing sectors in the past year. To track its progress, the Energy Impact Partners (EIP) created an index to measure the performance of publicly-traded climate tech companies compared to the broad tech sector. Since Jan. 2020:
- The EIP climate tech index is up 129%
- While the broad tech index — NASDAQ — is up 42%
Subsectors in the list: Electric vehicles and infrastructure providers, renewable (i.e. solar, wind, hydrogen) companies and other companies related to climate change (i.e. additive manufacturing, plant-based protein).
Notable companies on the list: Tesla ($TSLA), Plug Power ($PLUG), Blink Charging ($BLNK), Beyond Meat ($BYND) and Hyliion ($HYLN).
Can you invest in this index? No, the EIP index is only meant to track the performance of a basket of climate tech stocks.