The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the semi-annual evaluation of the NASDAQ(r) Clean Edge(r) U.S. Liquid Series Index (Nasdaq:CELS), which will become effective with the market open on Monday, September 22, 2008.
The following six securities will be added to the Index: C&D Technologies, Inc. (NYSE:CHP), China Sunergy Co., Ltd. (Nasdaq:CSUN), Ener1, Inc (AMEX:HEV), Rubicon Technology, Inc. (Nasdaq:RBCN), ReneSola Ltd (NYSE:SOL), and GT Solar International, Inc. (Nasdaq:SOLR).
The Index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Index include 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 Index is evaluated on a semi-annual basis in March and September. For more information about the NASDAQ Clean Edge U.S. Liquid Series Index, including detailed eligibility criteria, visit www.NASDAQ.com.
The NASDAQ Clean Edge U.S. Liquid Series Index is the basis for the First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund (Nasdaq:QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge U.S. Liquid Series Index before fees and expenses.
As a result of the evaluation, the following seven securities will be removed from the Index: Akeena Solar, Inc. (Nasdaq:AKNS), Comverge, Inc. (Nasdaq:COMV), Hoku Scientific, Inc. (Nasdaq:HOKU), Medis Technologies Ltd. (Nasdaq:MDTL), Nova Biosource Fuels, Inc. (AMEX:NBF), Pacific Ethanol, Inc. (Nasdaq:PEIX) and Verenium Corporation (Nasdaq:VRNM).
