Despite an increase in low-carbon technology stocks overall, Cleantech stocks in Australia fell considerably this past October.
While other industry stocks jumped in the broader market by 3.2 per cent, the ACT Australian Cleantech Index lost 4.6 per cent over the previous month.
Despite a slump in October, Cleantech’s quarterly performance was a respectable 5.5 per cent gain and is in line with market and industry averages.
The best performers over the past three months have been flow-battery developer RedFlow, posting a 99 per cent gain; LED product developer BluGlass recorded an 83 per cent increase.
Ceramic Fuel Cells gained 44 per cent despite closing Australian manufacturing operations to favour European markets; and Dyesol gained 43 per cent as a result of their steel roofing projects with Tata.