Public Green Firms get Hammered

The damage of last year's stock market collapse whose that shares in green firms fared worse than others, according to data published by a researcher from New Energy Finance.

The decline, which is approaching levels below the 2003 mark - was despite ongoing political and economic factors for clean technologies in years.

At its November low, the WilderHill New Energy Global Innovation Index (NEX), which covers 88 clean-energy stocks, fell over 70 percent, despite enjoying an "Obama bounce" after election, ending at 61 percent.

In comparison, the S&P 500 index fell to 38.5% last year after the Nasdaq was down 41 percent.

The down news from the public markets comes when end of year data is of utmost importance.

Among public companies, the green technology firms were battered the worst, with solar plummeting 75%, and biofuels 68 percent. The poor performance reflects that the energy business is very capital focused and sensitive to fluctuations in fuel and commodity prices.

Yet, after all the bad news, the demand for clean-energy products and services is still strong and the long-term outlook is good.

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