The Nasdaq Stock Market, Inc. and Clean Edge, Inc., a leading San Francisco-based research and publishing firm, have announced plans to launch the NASDAQ Clean Edge US Index which will open a new niche for investors interested in investing in clean energy technology.
The new index is designed to track the performance of clean-energy companies that are publicly traded in the US and includes companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels, and advanced batteries.
The five major sub-sectors that the index will cover are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence, and Advanced Energy-Related Materials.
“This index will bring much needed attention, focus and definition to a sector that is already playing a lead role in addressing the global energy crisis,” commented NASDAQ Executive Vice President John Jacobs.
“It is fitting for NASDAQ and Clean Edge to offer this important index, as we promote innovation, forward thinking and high technology - traits that characterize the companies in this new index," he added.
Clean Edge was launched in 2001 by environmental and high-tech business pioneers Ron Pernick and Joel Makower. Through its research and reports, conferences and events, online publications, and strategic consulting services, Clean Edge tracks and analyzes clean-tech markets, trends, and opportunities.
Commenting on the launch of the new index, Mr Pernick observed that: “Clean Edge has been tracking the growth of clean-energy markets and companies for more than five years."
He added that: “We are honored to be partnering with such an esteemed partner as NASDAQ and believe this index represents the further advancement, maturing, and mainstreaming of the clean-energy sector.”
The NASDAQ Clean Edge U.S. Index is calculated using a modified market capitalization methodology. The index will be calculated and disseminated on a price return basis (NASDAQ: CLEN) and a total return basis (NASDAQ: CLNX) starting on May 18.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment