The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today 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 18, 2013.
The following seven securities will be added to the Index: Canadian Solar Inc. (Nasdaq:CSIQ), EMCORE Corporation (Nasdaq:EMKR), FuelCell Energy, Inc. (Nasdaq:FCEL), Green Plains Renewable Energy, Inc. (Nasdaq:GPRE), Renewable Energy Group, Inc. (Nasdaq:REGI), ReneSola Ltd. (NYSE:SOL) and Suntech Power Holdings Co., LTD. (NYSE:STP).
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 three securities will be removed from the Index: Ameresco, Inc. (NYSE:AMRC), Ormat Technologies, Inc. (NYSE:ORA) and Rubicon Technology, Inc. (Nasdaq:RBCN).
