Broader Green Energy Index Tops Wind, Smart Grid Indexes

PORTLAND, Ore. (Clean Edge) -- A broader green energy index outperformed the wind energy and smart grid infrastructure indexes from Clean Edge and NASDAQ last week.

The NASDAQ Clean Edge Green Energy Index (CELS) gained 2.44% and the NASDAQ OMX Clean Edge Global Wind Energy Index (QWND) edged up 0.44%, while the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (QGRD) fell 1.29%.

This performance didn't stray far from the movement of the overall market -- the S&P 500 gained 2.26%, NASDAQ rose 2.62% and AMEX Oil inched up 0.21% for the week.

CELS - up 2.44% for the week and 28.49% higher in the last 12 months - tracks U.S.-listed clean-energy companies and is divided into four categories: advanced materials; energy intelligence; energy storage and conversion; and renewable electricity generation and renewable fuels.

In the advanced materials sector, three of the five component companies were in positive territory. Energy intelligence, the most populated sector of the index, saw 14 of its 20 components grow. Energy storage and conversion had seven components in the red and three gaining. For renewable electricity and fuels, eleven components were up, with the remaining four losing ground.

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CELS' best performer for the week was semiconductor maker Microsemi(MSCC Quote), gaining 13.03%. Rounding out the top five CELS performers were solar wafer manufacturer LDK Solar (LDK Quote), up 11.32%; solar cell developer JA Solar (JASO Quote), rising 11.05%; vertically integrated PV manufacturer Yingli Green Energy (YGE Quote), gaining 10.34%; and solar cell and module maker Canadian Solar(CSIQ Quote), up 9.95%.

CELS' worst performer last week was developer of energy data systems ESCO Technologies (ESE Quote), declining 20.02%. Other decliners included energy management firm EnerNOC(ENOC Quote), erasing the previous week's 12% gain by falling 13.06%; demand management provider Comverge(COMV Quote), losing 12.45%; photovoltaic equipment manufacturer GT Solar(SOLR Quote) (SOLR), down 9.92%; and rechargeable lithium-ion battery maker China BAK Battery (CBAK Quote), losing 7.69%.