Oil Prices, Fossil-Fuel Stocks and Alternative Energy Stocks

摘要: As new alternative energy industries are created and old ones revised, markets constantly try to interpret adjust those changes. The purpose of this study is shed some light on the inner dynamics select outside price-shocks versus sector-specific companies. This analyzes (both short long-term) sub-sector company portfolios such as petroleum, coal, natural gas, solar, nuclear, wind, biofuel with respect each other well asset commonly used in literature. In shocks, we find that companies behave like fossil-fuel companies, while others don’t. Interestingly petroleum give no significant short-term response oil-price or exchange-rate shocks. Also, there a relationship between gold price shocks most sub-sectors long-run. same was not observed short-run.