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 Experience Week of Declines

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.

NEW YORK ( Clean Edge ) -- Clean Edge and Nasdaq's three benchmark clean-tech stock indices each retreated last week, with the Nasdaq Clean Edge Green Energy Index (CELS) down 3.67% , the Nasdaq OMX Clean Edge Global Wind Energy Index (QWND) lower by 1.22% , and the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) falling 2.25% from the previous week.

The overall market also moved lower -- the S&P 500 lost 1.72% and NASDAQ was down 1.87% -- while AMEX Oil lost 0.20% from the previous week.

CELS -- down 3.67% for the week and 21.28% 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 49 total component securities, 10 experienced gains and 39 lost ground.

CELS' best performer for the week was biomaterials developer Metabolix (MBLX - Get Report), gaining 5.30% . Rounding out the top five CELS performers were electronic materials provider Rubicon Technology (RBCN - Get Report), up 4.88% ; electric car maker Tesla Motors (TSLA - Get Report), higher by 1.86%; ethanol producer Green Plains Renewable Energy (GPRE - Get Report), up 1.22% ; and demand management firm EnerNOC (ENOC - Get Report), 1.06% higher for the week.

CELS' worst performer last week was renewable energy project integrator SatCon Technology (SATC), declining 15.84% . Other worst performers included geothermal power developer Ormat Technologies (ORA), losing 14.14% ; solar cell manufacturer JA Solar (JASO), down 13.73% ; power conversion technology developer Vicor Corporation (VICR), retreating 13.19% ; and wind energy product and service provider Broadwind Energy (BWEN), 12.57% lower for the week.

QWND--- 1.22% lower last week and 20.78% 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, five saw gains and 13 experienced losses.

QWND's best pure play performer for the week was renewable energy project developer Gamesa Corporacion Tecnologica (GAM), up 7.08% . Other top pure play performers included wind turbine maker Vestas Wind Systems (VWS), gaining 6.52% ; wind turbine maker REpower Systems (RPW), rising 4.77% ; advanced composite materials developer Gurit Holding (GUR), up 1.19% ; and wind turbine manufacturer Nordex (NDX), up 1.07% for the week.
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
ENOC $4.33 0.00%
GPRE $22.56 0.00%
MBLX $2.16 0.00%
RBCN $0.97 0.00%
TSLA $231.61 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs