by Andrew Hore
Although the Alternative Investment Market’s cleantech sector recovered well in 2009, it still failed to outshine AIM as a whole, which rose more than twice as much. Fuel cell companies were major contributors to the cleantech recovery during the year, but these firms still have much to prove.
The last Sigma Capital Cleantech index published during 2009 was for the period up to 18 December 2009. Over the twelve months the index rose a creditable 26.6%, which compares with a rise of 59.7% for the FTSE AIM 100 index. After an initial period of underperformance, the Sigma Capital Cleantech index caught up during the summer. However, the gap between the two indices widened again during the autumn.