Stock market rewards environmentally friendly utilities


Stock market rewards environmentally friendly utilities

New York, February 9th, 2021

A new study just released by spatial finance data provider, SRS strongly points to the correlation between company stock performance and their investment in environmentally friendly energy sources. The group of companies leading the transformation have outperformed S&P Utilities index on average by 7% over the last 10 years. The reverse is also true – utilities that do not materially invest into the renewable sources have underperformed the index by about 10% during the same period.

The US power industry is going through a major transformational shift from coal and oil to natural gas and renewable (wind and sun) energy sources. Woobler’s data science used Woobler massive knowledge graph of unified data sources to understand the dynamics of this transition on a plant-by-plant basis for 23 publicly traded utilities accounting for 50% of US electricity generation.

Alex Vengerovsky, SRS Chief Data Scientist says,

The power of connected data is on full display with our case study as we were able to quickly extract the relevant data points and establish a correlation between fuel sources and stock performance.

For more information, please visit SRS’s web site or email [email protected]

About Spatial Risk Systems:

SRS is a data connectivity company focused on spatial finance.  We have created a multi-tier data map showing where physical economic activity takes place on a global basis and have connected this to key risk factors and open data sets in the form of a knowledge graph.

Alex previously spent the past 12 years focused on all things data at the Westport, CT based hedge fund, Bridgewater Associates.

Spatial Finance is a way to unify geospatial-climate, socio-economic, entity relationship and other data sources to use for operational assessment, risk management, portfolio/index construction and variety of other business decisions. The resulting highly connected and consistent data structure is known as a Knowledge Graph.

Tags:  SRS, Spatial Finance, Utilities, Knowledge Graph, Utilities Index