The energy transfer stocks that have enjoyed the best year-over-year performance in the energy sector over the past decade are getting a dose of the dust that is coming their way in the latest quarterly Energy Transition Report.
The report, released on Thursday, shows that energy transformation stocks like Energy Transfer Partners LP and SunEdison Inc. have suffered a significant drop in market capitalization and stock price over the last several months.
Energy Transfer Partners, which went public in 2009 and went public on Thursday with a market cap of $5.9 billion, has plunged more than $3 billion from its peak in December 2015, according to the report.
SunEdision’s market cap has fallen $1.2 billion since then.
“Energy Transfer has experienced significant declines in market cap over the first quarter of 2017 and continued to be one of the most volatile companies in the S&P 500,” the report said.
SolarCity Corp., which went private in February of last year and has gone public in February with a price of $16.50 per share, is also seeing a major decline in market share.
On the flip side, Energy Transfer Technologies LP and SolarCity’s rivals, SunEdson and NRG Energy, have both posted growth and profits, with SunEdsson gaining more than 2,000% in 2017.
In addition to these big name energy transfer companies, other emerging companies have also had a rough time.
Renewable Energy, a new energy company launched in 2016 by a team of investors led by Elon Musk, has suffered losses and revenue in the past several quarters.
Other emerging companies include Natural Resources Defense Council (NRDC), which had a net loss of $1 million in 2017 and a net profit of $8 million in 2016.
Investors in other energy transformation companies are seeing mixed results.
One of the more popular energy transfer stock in the last year, SolarCity, which had an IPO in May of this year and went private last year with a stock price of more than a billion dollars, is down more than 10% since then, while Energy Transfer, which was once the biggest energy transfer company, is up only 5%.
The average price of a share of energy transfer, which is the average price the company pays to acquire shares, is now up 7% from a year ago, the Energy Transition report found.
It’s unclear what the impact of these stocks will be on the overall energy market.
But the impact on energy stocks has been significant, and has made investors and investors across the board nervous about these stocks.
At the end of the day, energy is a very volatile market and there are always new opportunities to exploit it, said Mark Johnson, founder of The Energy Investor and CEO of Johnson Capital Advisors, a global asset management firm.
Johnson said investors should look for these companies to be in the red.
There is a real opportunity for the S &p 500 to make a profit over the next year or two, he said.
The Energy Transition Survey is conducted by S&s, a New York-based consulting firm that provides research, advisory and strategic services to companies, government agencies and investors seeking to understand the energy market in the United States.