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NASDAQ and Clean Edge Launch Clean Energy Index
May 9, 2006
Source: Clean Edge News
The Nasdaq Stock Market, Inc. (NASDAQ) and Clean Edge, Inc. have announced
plans to launch the NASDAQ® Clean Edge® U.S. Index, an innovative and powerful
tool for clean-energy investing. NASDAQ will begin disseminating the index on
May 18.
The NASDAQ Clean Edge U.S. Index is designed to track the performance of
clean-energy companies that are publicly traded in the U.S. The NASDAQ Clean
Edge U.S. Index 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,”
said 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.”
“Clean Edge has been tracking the growth of clean-energy markets and companies
for more than five years,” explains Ron Pernick, Co- Founder and Principal of
Clean Edge, Inc. “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.
NASDAQ enhanced its longstanding capabilities as an index provider last year
by launching a state-of-the-art indexing platform. It is built upon NASDAQ’s
industry-leading technology platform. All existing NASDAQ indexes are
calculated on this platform, including the world renowned NASDAQ-100 Index®,
NASDAQ Financial-100 Index® and the NASDAQ Composite Index®.
The index platform greatly expands NASDAQ’s indexing capabilities, enabling
NASDAQ to calculate and disseminate an unlimited number of indexes on a
real-time basis. In addition to both total return and price return indexes,
NASDAQ can calculate and disseminate indexes that include securities listed on
NASDAQ, the New York Stock Exchange and the American Stock Exchange. NASDAQ
has been a leading index provider since 1971 and is committed to providing
relevant strategy indexes and services to all investors.
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