This Day On The Street
Continue to site
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

Clean Edge Stock Indices Post Huge Losses

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 S&P 500 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 Comverge (COMV), losing 2.20%. Rounding out the top five CELS performers were solar cell manufacturer JA Solar (JASO - Get Report), down 2.62%; solar and LED equipment provider Veeco Instruments (VECO - Get Report), lower by 2.75%; utility network provider ESCO Technologies (ESE - Get Report), falling 2.92%; and electric motor developer UQM Technologies (UQM - Get Report), down 3.89%.

CELS' worst performer last week was Chinese solar product manufacurer Trina Solar (TSL), declining 22.96%. Other worst performers included energy storage technology developer A123 Systems (AONE), falling 22.65%; solar cell and module maker Suntech Power (STP), losing 22.64%; solar module manufacturer Yingli Green Energy (YGE), down 20.74%; and multicrystalline solar wafer maker LDK Solar (LDK), 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 REpower Systems (RPW), losing 1.02%. Other top pure play performers included wind farm owner and operator Terna Energy (TENERGY), down 3.04%; wind power producer China Longyuan Power Group (0916), falling 3.27%; wind turbine manufacturer Clipper Windpower (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 Broadwind Energy (BWEN), declining 19.65%; gearbox and drive train maker Hansen Transmissions International (HSN), down 16.67%; wind turbine manufacturer Vestas Wind Systems (VWS), losing 15.00%; energy delivery technology developer American Superconductor (AMSC), declining 14.15%; and wind farm developer Greentech Energy Systems (GES), lower by 13.79%.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ESE $37.51 -1.03%
JASO $8.41 -0.36%
VECO $21.09 0.43%
UQM $0.63 -4.53%
AAPL $112.12 2.39%


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs