The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. today announced the results of the semi-annual evaluation of the NASDAQ® Clean Edge® Green Energy Index (Nasdaq:CELS), which will become effective prior to market open on Monday, March 19, 2012.
The following two securities will be added to the Index: Advanced Energy Industries, Inc. (Nasdaq:AEIS) and FuelCell Energy, Inc. (Nasdaq:FCEL).
The Index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. 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 covers are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials. The securities must also meet other eligibility criteria which include minimum requirements for market value, average daily share volume, and price. The NASDAQ® Clean Edge® Green Energy Index is re-ranked semi-annually in March and September. For more information about the NASDAQ® Clean Edge® Green Energy Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The NASDAQ Clean Edge Green Energy Index is the basis for the First Trust NASDAQ Clean Edge Green Energy Index Fund (Nasdaq:QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge Green Energy Index before fees and expenses.
As a result of the evaluation, the following nine securities will be removed from the Index: Aixtron SE (Nasdaq:AIXG), Codexis, Inc. (Nasdaq:CDXS), Hanwha SolarOne Co., Ltd. (Nasdaq:HSOL), JinkoSolar Holding Company Limited (NYSE:JKS), KiOR, Inc. (Nasdaq:KIOR), Metabolix, Inc. (Nasdaq:MBLX), SatCon Technology Corporation (Nasdaq:SATC), Vicor Corporation (Nasdaq:VICR), and Valence Technology, Inc. (Nasdaq:VLNC).
