True believers in clean-technology companies are having their faith repaid. After badly underperforming the sharemarket for years, cleantech stocks have rallied.
The Australian CleanTech Index, a key barometer of ASX-listed cleantech stocks, rose 13.1% in FY17. The S&P/ASX 200 index gained 9.4% (excluding dividends). Waste stocks, in particular, have been strong this year and some still look attractive.
The Australian CleanTech Index’s cumulative gain over three years to FY17 is 60%. The ASX 200 rose 6% over three years as the market broadly tracked sideways.