CLEAN EDGE ANNOUNCES CHANGES TO ITS FAMILY OF CLEAN ENERGY, SMART GRID, AND WATER INDEXES
Clean Edge, Inc. today announced the results of the semi-annual evaluation of the following indexes:
- NASDAQ® Clean Edge® Green Energy Index (CELS)
- NASDAQ® Clean Edge® Smart Grid Infrastructure Index (QGRD)
- ISE Clean Edge Water Index (HHO)
- ISE Clean Edge Global Wind Energy Index (GWE)
All changes became effective prior to today’s market open.
The following securities have been added to the CELS Index: American Superconductor Corporation (NASDAQ: AMSC), Bloom Energy Corporation (NYSE: BE), Livent Corporation (NYSE: LTHM), and Nio Inc. (NYSE: NIO).
The Nasdaq Clean Edge Green Energy Index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Index includes companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, advanced batteries, hybrid and electric vehicles, and renewable materials. The four major sub-sectors that the index covers are Renewable Electricity Generation; Energy Storage & Conversion; Energy Intelligence; and Advanced Energy-Related Materials. The securities must also meet other eligibility criteria which include minimum requirements for market value, average daily share volume, and price. The Nasdaq® Clean Edge® Green Energy Index is re-ranked semi-annually in March and September.
As a result of the evaluation, the following securities have been removed from the Index: Ameresco, Inc. (NYSE: AMRC) and Maxwell Technologies, Inc. (NASDAQ: MXWL).
The Index is the basis for the First Trust NASDAQ® Clean Edge® Green Energy Index Fund (QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ® Clean Edge Green® Energy Index before fees and expenses.