A month of rotation back to growth

Gabriela Herculano – CEO & Co-Founder – iClima Earth joins Proactive London fresh from her trip from the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow.

iClima Earth launched the world’s first ETF offering investors exposure to firms promoting the decentralisation of energy generation on HANetf’s white label platform. 

October was a month of rotation back to growth. Solar players in particular had a positive month, with Sunpower Corporation (SPWR, up 48.4% in October), Sunrun (RUN, up 31.09%) and Sunnova (NOVA, up 35.28%) all benefiting from the recent turmoil in fossil fuel prices which resulted in spot prices for natural gas quadrupling across Europe and Asia. Enphase (ENPH, up 54.45% in the month) and SolarEdge (SEDG, up 33.73%), two of the dominant players in the inverter space, benefited from similar momentum. 

It was also a bumper month for clean hydrogen, with a proliferation of deals.