May 15, 2006—The Nasdaq Stock Market, Inc. and research firm Clean Edge, Inc. have announced plans to launch the NASDAQ Clean Edge US Index, a new tool for clean-energy investing. NASDAQ will begin disseminating the index on May 18.
The NASDAQ Clean Edge US Index is designed to track the performance of clean-energy companies that are publicly traded in the US.
The index includes companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the index will cover are Renewable Electricity Generation, Renewable Fuels, Energy Storage and Conversion, Energy Intelligence and Advanced Energy-Related Materials.
“This index will bring much needed attention, focus and definition to a sector that is already playing a lead role in addressing the global energy crisis,” said NASDAQ executive vice president John Jacobs.
“Clean Edge has been tracking the growth of clean-energy markets and companies for more than five years,” explains Ron Pernick, co-founder and principal of Clean Edge, Inc. “We are honored to be partnering with such an esteemed partner as NASDAQ and believe this index represents the further advancement, maturing, and mainstreaming of the clean-energy sector.”
The NASDAQ Clean Edge U.S. Index is calculated using a modified market capitalization methodology. The index will be calculated and disseminated on a price return basis and a total return basis.
For more information, visit the Clean Edge Web site.
