Two major indicators of climate tech stocks — the S&P Clean Energy Index and the MAC Global Solar Index — are significantly trailing the overall market. They’ve been declining for months, down from their mid-pandemic highs when they performed far better than the rest of the economy. So what happened to climate tech investments in the public markets? And what do these investments tell us about the coming year for climate tech?

In this episode, Shayle talks to Shanu Mathew, portfolio manager and research analyst at Lazard. They cover topics like:

• The macroeconomic factors behind this underperforming sector, like higher interest rates, election uncertainty, and the Russian invasion of Ukraine
• Trends in specific industries, like EVs, solar, and lithium
• Investors moving funds into (and paying more for) climate tech stocks with consistently higher performance
• Analysts’ expectations for climate tech stocks in the the near- and long-term

Recommended resources

• Shanu Mathew: Cleantech FY23 Recap And FY24 Outlook
• Catalyst: How has US industrial policy impacted climatetech investment?

Originally posted on the sponsor’s website.