This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Clean Tech Indices: Rousing Start to '10

Stocks in this article: SOLF BLDP SOL

Clean Edge and Nasdaq's three benchmark clean-tech stock indexes got 2010 off to a good start with the Nasdaq Clean Edge Green Energy Index (CELS) up 4.53%, the Nasdaq OMX Clean Edge Global Wind Energy Index (QWND) gaining 3.37%, and the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) climbing 4.18%.

The overall market also saw gains the first week of the year -- the S&P 500 added 2.68%; Nasdaq was up 2.12%; and the Amex Oil ended the week 4.49% higher.

CELS -- up 4.53% for the week and up 39.13% from a year ago -- 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, four of the five component companies were in positive territory. Energy intelligence saw 15 of its 20 components gain ground. Energy storage and conversion had all 10 components gaining. For renewable electricity and fuels, 13 components were up and two lost ground.

CELS' best performer for the week was Chinese solar cell maker Solarfun Power Holdings (SOLF), gaining 32.11%. Rounding out the top five CELS performers were fuel cell developer Ballard Power Systems (BLDP), up 22.75%; solar wafer manufacturer ReneSola (SOL), rising 21.01%; thin-film solar developer Energy Conversion Devices (ECD), gaining 18.73%; and solar module manufacturer Evergreen Solar (ESLR), up 18.54%.

CELS' worst performer last week was wind energy product and service provider Broadwind Energy (BWEN), declining 9.27%. Other worst performers included electronic materials maker Rubicon Technology (RBCN), falling 4.73%; semiconductor developer IXYS (IXYS), losing 4.59%; geothermal developer Ormat Technologies (ORA), down 2.80%; and electronic power management company O2Micro (OIM), losing 1.91%.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs