The Epic Implosion Of The Green Energy Bubble

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, December 10, 2012 The Epic Implosion Of The Green Energy Bubble A stock index that exclusively lists renewable energy companies in down 98 percent since fall of 2008, reports The Washington Times). The RENIXX tracks the world´s 30 largest companies in the renewable energy industry. They are given a weighting in the index is based on the market capitalization. Companies in the index include First Solar, Suntech and Trina Solar. The index closed last week at 159.36 points. Compare that with its all-time high of 1918.71 in December of 2007. Here's a chart showing the movement through June: The index currently has a market capitalization (free float) of approximately 11.07 Billion Euro. Compare that with 28.67 Billion in 2009.  As of this summer, a RENIXX Powerpoint presentation showed the company remained bullish about its companies, pointing to the finite nature of fossil fuels and booming installed capacity for solar and wind facilities. Read » Also On Money Game Today: Under Obama's Proposal, Top Tax Rates Would Actually Be Higher Than Clinton-Era Levels STOCKS RISE: Here's What You Need To Know Advertisement CHART OF THE DAY: THE SCARIEST JOBS CHART EVER CHART OF THE DAY: Germany Is Pulling Off Another Economic Miracle CHART OF THE DAY: The Drivers Of Stock Market Returns Since 1940 Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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