Category: Investment Commentary

March GEOS 2024 Update

    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 ›

February GEOS 2024 Update

  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

  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 ›

January GEOS 2024 Update

    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 ›

December GEOS 2023 Update

  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 ›