Solar companies were the clean tech engines on the U.S. public markets. Shares of Phoenix, Arizona-based First Solar soared, ending the year up nearly tenfold to close at $267.14. San Jose, California-based SunPower rose 368 percent on the year, closing at $130.39 per share. And Wuxi, China-based Suntech climbed 240 percent, trading at $82.32 per share at the end of trading.
Projections for 2008 are looking bullish as well:
Mr. Pernick predicted 2008 would be a good year for energy storage, energy intelligence—such as smart grid technology—and advanced materials within the clean tech sector.