Category: Global Environmental Opportunities

    Listed Equity Infrastructure   Some of our clients consider the Essex Global Environmental Opportunities Strategy (GEOS) to be a way to gain access to the attributes of infrastructure, with its potential for long-term growth coupled with inflation hedging. GEOS is long-only, global, and focused across nine environmental themes, all solving the need to harness economic growth with fewer... Read more ›

    The Call for Clean Tech Optimism   Skepticism and pessimism aren’t synonymous.  Skepticism calls for pessimism when optimism is excessive.  But it also calls for optimism when pessimism is excessive. – Howard Marks, The Limits to Negativism, October 15, 2008   While the broader market continues to reach new highs, clean tech stocks remain deeply out of favor.... Read more ›

    Essex Global Environmental Opportunities Strategy (GEOS) April 2024 Update    The Orchestra Over the past decade, we have written extensively about the importance of the electrical grid, especially the strong positioning of companies delivering modern technologies to power our economy more efficiently from industry to home. The companies enabling electricity delivery and grid modernization have done well over... Read more ›

The Problem with the Polarization of Clean Tech Clean technologies represent one of the greatest economic opportunities today. And we say this without even taking into consideration the much-maligned environmental advantages of these technologies. The country that can take leadership in clean technology will effectively be in an OPEC-like position of control for our future energy sources and economic power. ... Read more ›

    Essex Global Environmental Opportunities Strategy (GEOS) March 2024 Update     The Anti-Bubble   …a price fall in and of itself does not necessarily reflect adverse business developments or value deterioration.  It is vitally important for investors to distinguish stock price fluctuations from underlying business reality.  If the general tendency is for buying to beget more buying and... Read more ›

  Essex Global Environmental Opportunities Strategy (GEOS) February 2024 Update   Got AI?   Performance for the Essex Global Environmental Opportunities Strategy (GEOS, Strategy) languished in January 2024 after strong performance in November and December. Our take is market sentiment continued to favor mega cap technology – what drove the equity market last year, as investors remain completely risk averse... Read more ›

  Giving Cleantech a Bad Name   We are cringing following the latest announced capital raise by Plug Power, Inc.  Although we are not investors in Plug Power, the company frustrates us nonetheless as it highlights the type of corporate behavior that hurts the cleantech investment case.  If you are unfamiliar with the Plug Power story, consider yourself lucky that... Read more ›

    Essex Global Environmental Opportunities Strategy (GEOS) January 2024 Update     For the quarter and the year, GEOS significantly outperformed the secondary benchmark, the Wilderhill Clean Energy Index, as has been consistent with our track record during times of volatility amidst the clean tech sector. GEOS underperformed the primary MSCI World Index for the year, given significant headwinds... Read more ›

  Essex Global Environmental Opportunities Strategy (GEOS) December 2023 Update     The recently difficult equity returns environment for the Essex Global Environmental Opportunities Strategy (GEOS) abated in the month of November 2023 given positive updates from management teams, broader equity market participation, and some coding from the Federal Reserve that inflationary declines are resonating and on target. Currently, world... Read more ›

    Essex Global Environmental Opportunities Strategy (GEOS) November 2023 Update     Equity market volatility continued in the month of October 2023, with expanding geopolitical crises amidst continued globally tight credit conditions. As the Federal Reserve paused on interest rate hikes, the market continued to worry about a forthcoming recession, placing continued pressure on smaller, growth oriented corporate equity... Read more ›