What is cleantech in finance?

What Is Cleantech? In finance, the term cleantech—short for clean technology—is used to refer to various companies and technologies that aim to improve environmental sustainability.

What happened to clean tech stocks in January?

Clean tech stocks have dropped from their highs in January. For some, the declines have been particularly severe. Shares of the fuel cell maker Plug Power (PLUG) have plummeted more than 60% since its January peak. In March, the company disclosed accounting errors that had affected financial statements in 2018, 2019 and 2020.

What is clean technology?

Clean technology, or cleantech, is in the spotlight. This expanding market refers to products, services and technologies that reduce negative environmental impacts through improving energy efficiency, the sustainable use of resources or environmental protection activities.

Are clean tech stocks safe from another pullback?

But that doesn’t mean all parts of the clean tech resurgence are safe from another pullback. Clean tech stocks have dropped from their highs in January. For some, the declines have been particularly severe. Shares of the fuel cell maker Plug Power (PLUG) have plummeted more than 60% since its January peak.