COMV JASO VECO ESE UQM NEW YORK ( TheStreet) -- Clean Edge and Nasdaq's three benchmark clean-tech stock indices experienced large losses last week with the Nasdaq Clean Edge Green Energy Index (CELS) down 10.92%, the Nasdaq OMX Clean Edge Global Wind Energy Index (QWND) losing 15.16%, and the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) 9.08% lower from the previous week.
The overall market also saw significant negative movement last week - the
lost 6.39%, Nasdaq contracted 7.95%, and AMEX Oil was 8.67% lower.
CELS - down 10.92% for the week but still 8.83% higher than 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 an indication of the week's dismal performance, every single one of the 53 total component securities lost ground from the previous week's close.
CELS' best performer for the week was energy management service provider
, losing 2.20%. Rounding out the top five CELS performers were solar cell manufacturer
(JASO - Get Report)
, down 2.62%; solar and LED equipment provider
(VECO - Get Report)
, lower by 2.75%; utility network provider
(ESE - Get Report)
, falling 2.92%; and electric motor developer
(UQM - Get Report)
, down 3.89%.
CELS' worst performer last week was Chinese solar product manufacurer
, declining 22.96%. Other worst performers included energy storage technology developer
, falling 22.65%; solar cell and module maker
, losing 22.64%; solar module manufacturer
Yingli Green Energy
, down 20.74%; and multicrystalline solar wafer maker
, losing 20.57%.
QWND -- down 15.16% last week and 17.82% lower in the last 12 months -- includes companies that are primarily manufacturers, developers, distributors, installers, and users of energy derived from wind sources. Of QWND's 21 pure play components, all ended the week in negative territory.
QWND's best pure play performer for the week was German wind turbine manufacturer
(RPW), losing 1.02%. Other top pure play performers included wind farm owner and operator
(TENERGY), down 3.04%; wind power producer
China Longyuan Power Group
(0916), falling 3.27%; wind turbine manufacturer
(CWP), contracting 5.65%; and wind power equipment and service provider
Japan Wind Development Company
(2766), down 5.78% for the week.
QWND's worst pure play performers were wind energy product and service provider
, declining 19.65%; gearbox and drive train maker
Hansen Transmissions International
, down 16.67%; wind turbine manufacturer
Vestas Wind Systems
, losing 15.00%; energy delivery technology developer
, declining 14.15%; and wind farm developer
Greentech Energy Systems
, lower by 13.79%.