Clean Edge Announces Changes to its Family of Clean Energy, Smart Grid, and Water Indexes

Jay Owen Green Prosperity, SRI/ESG News, Greentech, Latest Headlines


Portland, OR, April 30, 2019 — Clean Edge, Inc. today announced the results of the semi-annual evaluation of the following indexes:

All changes became effective prior to today’s market open.

Exchange traded funds (ETFs) based on the indexes are offered by First Trust, under the ticker symbols QCLN, GRID, FIW, and FAN respectively. As of April 27, 2020, First Trust ETFs tracking the indexes collectively equaled more than $750 million in assets under management.

The following securities have been added to the CELS Index: LSI Industries Inc. (NASDAQ: LYTS), FuelCell Energy, Inc. (NASDAQ: FCEL), Lithium Americas Corp. (NYSE: LAC), and Sunnova Energy International Inc. (NYSE: NOVA).

As a result of the evaluation and/or intra-quarterly changes, the following securities have been removed from the Index: AVX Corporation (NYSE: AVX), Hexcel Corporation (NYSE: HXL), and Pattern Energy (NASDAQ: PEGI).

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.

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.


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