Aggregated price index with volume information
Summary:
- Clean Energy Technology stocks down 1.3% on average while median return down 1.2% in a day
- Clean Energy Technology stocks down 7.3% on average while median return down 6.7% in a week
- Clean Energy Technology stocks down 9.3% on average while median return down 10.0% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $ARRY 6.3%, $TSLA 3.4%
- 1M losers are : Losers for past month are $FCEL -16.9%, $BEEM -17.8%, $NOVA -18.3%, $SEDG -19.4%, $TPIC -36.7%
- 1W winners are : Winners for past week are $POLA 0.9%
- 1W losers are : Losers for past week are $SPWR -11.8%, $MAXN -12.1%, $PLUG -12.8%, $BLDP -13.3%, $NOVA -15.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 42.7%, for the past 3 months is 34.0%
In the past month for a 5 days rolling window, the highest corrrelation is 63.9%, the lowest correlation is 13.6%, the latest correlation is 19.8%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 90.4% between ARRY and TAN
The lowest correlation is -38.0% between CMI and TSLA
Stack AV founder Bryan Selesky is keeping most of the details of his autonomous trucking startup to himself for now. The post Q&A with Stack AV autonomous trucking founder Bryan Salesky appeared first on FreightWaves.
A deep dive into the valuation and financial performance of Plug Power Inc (PLUG)
A select group of prominent billionaire investors is unfazed by the roughly 90% plunges in three growth stocks.
Cummins (CMI) closed the most recent trading day at $232.80, moving -0.8% from the previous trading session.
Plug Power (PLUG) closed at $8.09 in the latest trading session, marking a -1.82% move from the prior day.
Demonstrating Continued Momentum in the RegionRENO, Nev., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that the Company has signed new contracts with Mercury NZ Limited for the supply and Engineering, Procurement and Construction (EPC) of a new 56 MW (gross) geothermal power plant at Ngatamariki, New Zealand. Under the agreement with Mercury, the project will be an expansion of the existing 96 MW Ngatamariki geotherm
AUSTIN, Texas, September 18, 2023--Hyliion Holdings Corp. (NYSE: HYLN) ("Hyliion"), a leader in electrified solutions for Class 8 semi-trucks, and Cummins Inc. (NYSE: CMI) ("Cummins"), a global power solutions provider, today announced the two companies together have successfully obtained the Dual Executive Order from the California Air Resources Board (CARB) for the Hypertruck ERX powertrain paired with the Cummins ISX12N engine.
RENO, Nev., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it has secured a new multi-year contract in partnership with Gotion High-Tech to supply batteries in support of Ormat’s upcoming Energy Storage projects. Under this supply contract, Gotion will provide Ormat with batteries at a capacity of up to 750MWh, with a variable pricing structure, partly linked to Lithium Carbonate prices. In addition to the signed
Ongoing concerns about financial controls, on top of decades of unprofitability, are the signal. Management's pitch about the future of energy is noise until things improve.
In this article, we will take a look at the 12 stocks that Jim Cramer recommends selling. To see more such companies, go directly to Jim Cramer Recommends Selling These 5 Stocks. Investors are in a wait-and-see more as we move forward towards the much-awaited policy decision on rate hikes by the Federal Reserve. Latest […]