If you’re tracking the stock market then you know that yesterday the Dow Jones Industrial Average dropped 634.76 points, or 5.55 percent. The Dow actually performed better than the Nasdaq, which closed down 6.90 percent on Monday. It is pretty safe to say that the stock market is taking a beating right now, but how are green stocks doing in comparison to the broader market?
My first stop in researching this article was the SB20, a list of 20 companies named as The World’s Top Sustainable Stocks by SustainableBusiness.com. One of my favorite companies on this list is Timberland (TBL). On Monday, Timberland stock was only down 0.42 percent. Stock in the sustainability-minded outdoor gear company closed at $42.55 per share after a daily trading range of $42.30 to $42.76.
First Solar (FSLR) also fared better than average on Monday. Shares of First Solar are traded on the Nasdaq, which was down 6.90 percent, but First Solar shares only dropped by 5.26 percent. Unfortunately it has been a rough year for the company, and year-to-date prices are down 23.25 percent.
Another company on the SB20, Chipotle Mexican Grill (CMG), definitely took a beating. Stocks dropped 6.36 percent to close at $291.70 per share. Unfortunately, some of Chipotle’s industry peers, as determined by Morningstar, fared better. Shares of McDonald’s Corporation (MCD) were down by 3.49 percent and Yum Brands Inc (YUM) was only off by 5.70 percent.
Shares of Tesla Motors (TSLA) were also down on Monday but again, the company’s drop was better than that of the overall market. Tesla’s stock closed down 2.48 percent to $23.64 on Monday.
It is difficult to find a stock, even a green stock, that wasn’t affected by yesterday’s sell-off. Stock market volatility is back, and those of us who have investments in the market need to decide where to put our dollars to work and hold on for the wild ride.