Aggregated price index with volume information
Summary:
- Clean Energy Technology stocks up 1.9% on average while median return up 2.2% in a day
- Clean Energy Technology stocks up 2.3% on average while median return up 4.2% in a week
- Clean Energy Technology stocks up 7.4% on average while median return up 10.2% 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 $BEEM 37.3%, $NOVA 36.3%, $ENPH 15.9%, $DQ 15.0%, $BE 15.0%
- 1M losers are : Losers for past month are $FSLR -8.5%, $SPWR -68.3%
- 1W winners are : Winners for past week are $ENPH 13.2%, $DQ 9.5%, $HY 9.3%, $NOVA 8.9%, $CSIQ 8.5%
- 1W losers are : Losers for past week are $CMI -0.3%, $PLUG -1.2%, $SOL -7.1%, $TSLA -8.1%, $SPWR -44.4%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 37.5%, for the past 3 months is 32.1%
In the past month for a 5 days rolling window, the highest corrrelation is 67.4%, the lowest correlation is 5.2%, the latest correlation is 19.9%
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 88.1% between NOVA and TAN
The lowest correlation is -39.1% between ENPH and TSLA
WKC vs. BE: Which Stock Is the Better Value Option?
Bloom Energy (BE) closed at $14.48 in the latest trading session, marking no change from the prior day.
SAN JOSE, Calif., July 25, 2024--Bloom Energy (NYSE: BE) has appointed Barbara Burger, Ph.D. to its Board of Directors, effective August 1, 2024. A seasoned executive and respected leader in the energy industry, Burger finished her career at Chevron in 2022 as vice president of innovation and president of Chevron Technology Ventures (CTV).
SAN JOSE, Calif., July 25, 2024--Bloom Energy Corporation (NYSE: BE) today announced it will release its second quarter 2024 financial results on August 8, 2024 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.
Cummins (CMI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Bloom Energy (BE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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AGREEMENT SUPPORTS ORMAT’S GROWTH TRAJECTORY AND ADVANCES THE ONGOING TRANSITION TO A MORE STABLE, PROFITABLE ENERGY STORAGE PORTFOLIORENO, Nev., July 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced the signing of a 15-year Resource Adequacy Purchase and Sale Agreement (RA Agreement) with the City of Riverside for the 80MW/320MWh Shirk Battery Energy Storage System (BESS) located in Visalia, California. The Shirk project, whi