Clean Edge Stock Indices: Quiet Week

Clean Edge and Nasdaq's three benchmark clean-tech stock indices ended a calm week, with the Nasdaq Clean Edge Green Energy Index (CELS) down 0.01%, the Nasdaq Clean Edge Global Wind Energy Index (QWND) 1.84% lower, and the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index (QGRD) climbing 0.76%.

The overall market also saw tepid movement for the week -- the S&P 500 gained 0.04%, the Nasdaq was down 0.18% and Amex Oil ended the week down 1.87%.

CELS -- down 0.01% for the week and up 48.82% 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, one of the five component companies was in positive territory. Energy intelligence, the most populated sector of the index, saw eight of its 20 components gain ground. Energy storage and conversion had nine components in the red and only one gaining. For renewable electricity and fuels, nine components were up, four lost ground, and two ended the week unchanged.

CELS' best performer for the week was electric infrastructure technology developer American Superconductor ( AMSC), gaining 12.21%. Rounding out the top five CELS performers were solar manufacturing-equipment maker GT Solar ( SOLR), up 12.18%; solar cell and module manufacturer Suntech Power ( STP), rising 10.27%; thin-film solar developer Energy Conversion Devices ( ENER), gaining 8.06%; and advanced materials manufacturer Hexcel ( HXL), up 6.29%.

CELS' worst performer last week was biomaterials developer Metabolix ( MBLX), declining 14.79%. Other worst performers included energy storage-technology firm Valence Technology ( VLNC), falling 8.85%; lithium-ion manufacturer China BAK Battery ( CBAK), losing 8.82%; semiconductor maker Fairchild Semiconductor International ( FCS), down 8.48%; and fuel-cell developer Ballard Power Systems ( BLDP), losing 8.23%.

QWND -- down 1.84% last week and up 44.19% 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 24 pure play components, 10 saw gains, 12 lost ground, and two ended the week unchanged.

QWND's best pure play performer for the week was wind turbine manufacturer Clipper Windpower ( CWP), which gained 20.89%. United Technologies ( UTX) has announced plans to acquire 49.5% of the California-based company.

Other top pure-play performers included American Superconductor, climbing 12.21%; wind turbine maker REpower Systems ( RPW), up 9.33%; wind farm builder and operator Terna Energy ( TENERGY), growing 6.77%; and wind energy product and service provider Broadwind Energy ( BWEN), up 5.38%.

QWND's worst pure-play performers were wind power plant developer China WindPower Group , down 10.31%; wind turbine maker Vestas Wind Systems ( VWS), losing 7.78%; wind energy company PNE Wind, falling 5.92%; wind power generator Japan Wind Development, declining 5.32%; and Spain-based renewable energy firm Gamesa Corporacion Technologica ( GAM), falling 4.53%.

QGRD -- up 0.76% last week -- is composed of companies that are primarily involved in the electric grid; electric meters, devices, and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector. Last week, nine pure play QGRD components saw gains and seven lost ground.

QGRD's best pure-play performer was American Superconductor, gaining 12.21%. Rounding out the top five pure-play performers were transmission system owner and operator ITC Holdings ( ITC), rising 6.93%; energy demand management firm Comverge ( COMV), up 4.48%; smart meter manufacturer Itron ( ITRI), climbing 3.64%; and power conversion-device maker Power-One ( PWER), growing 3.59%.

QGRD's worst performers included electricity automation provider Schneider Electric ( SU), losing 4.49%; communication network equipment provider RuggedCom ( RCM), down 3.93%; Chinese transformer manufacturer Jinpan International ( JST), retreating 1.42%; network infrastructure developer Echelon ( ELON), falling 1.27%; and energy storage developer NGK Insulators , down 0.73%.

Clean Edge, Inc., founded in 2000, is the world's first research and publishing firm devoted to the clean-tech sector. The company, via its publications, events, and online services, helps companies, investors, and governments understand and profit from clean technologies. Clean Edge, with offices in the San Francisco Bay Area and Portland Oregon, offers insight and intelligence on emerging clean-tech trends, opportunities, and challenges. The company publishes a range of reports including the annual Clean Energy Trends and Clean Tech Job Trends report series; hosts the annual Clean-Tech Investor Summit (along with IBF); maintains a number of benchmark clean-tech stock indices with NASDAQ OMX including CELS, QGRD, and QWND; and produces Clean Edge Jobs, a leading online jobs board for clean-tech job seekers, employers, and recruiters. To keep abreast of the latest clean-tech news; access industry reports; learn more about our services; or sign up for our free e-newsletters; visit CleanEdge.com.

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