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 Edge Indices Mixed Last Week

Stocks in this article: VECO RBCN ZOLT PANL COMV SATC

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.

NEW YORK ( TheStreet) - Clean Edge and Nasdaq's three benchmark clean-tech stock indexes experienced mixed movement last week, as the Nasdaq Clean Edge Green Energy Index (CELS) was up 1.75 percent, the Nasdaq OMX Clean Edge Global Wind Energy Index (QWND) lower by 0.16 percent, and the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) gaining 0.54 percent from the previous week.

The overall market moved slightly higher. The S&P 500 gained 1.39 percent and Nasdaq was up 1.45 percent - while AMEX Oil retreated 0.03 percent from the previous week.

CELS - up 1.75 percent for the week and 23.13 percent 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. Of the 50 total component securities, 31 experienced gains, 16 lost ground, and three ended the week unchanged.

CELS' best performer for the week was LED and solar manufacturing equipment provider Veeco Instruments (VECO) , gaining 17.72 percent.

Rounding out the top five CELS performers were wind energy product and service provider Broadwind Energy (BWEN), up 12.57 percent; electronic materials provider Rubicon Technology (RBCN), higher by 11.50 percent; carbon fiber manufacturer Zoltek Companies (ZOLT), up 8.94 percent; and OLED technology developer Universal Display (PANL), 8.47 percent higher for the week.

CELS' worst performer last week was demand management firm EnerNOC (ENOC), declining 15.19 percent.

Other worst performers included demand management service provider Comverge (COMV), losing 9.30 percent; renewable energy project integrator Satcon Technology (SATC), down 8.69 percent; solar energy product manufacturer Energy Conversion Devices (ENER), retreating 6.19 percent; and power energy management device maker Power Integrations (POWI), 4.22 percent lower for the week.

QWND - 0.16 percent lower last week and 22.28 percent 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 18 pure play components, nine saw gains, eight experienced losses, and one was unchanged for the week.

QWND's best pure play performer for the week was Zoltek Companies, up 8.94 percent.

Other top pure play performers included renewable energy project developer EDP Renovaveis (EPDR), gaining 6.07 percent; wind power project owner and operator Japan Wind Development Company (2766), rising 3.31 percent; renewable energy project developer Iberdrola Renovables (IBR), up 1.44 percent; and renewable energy developer EDF Energies Nouvelles (EEN), up 1.08 percent for the week.

1 of 2

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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