Portland, OR - September 20, 2024 (Investorideas.com Newswire) 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 as a result of the semi-annual evaluation and/or intra-quarterly changes.
Exchange traded funds (ETFs) based on the indexes are offered by First Trust in the U.S. under the ticker symbols QCLN, GRID, FIW, and FAN, respectively. All U.S. and global tracking financial products of Nasdaq Clean Edge indexes exceed $4.5 billion in assets under management as of September 16, 2024.
The following securities have been added to the CELS Index: Eos Energy Enterprises, Inc. (Nasdaq: EOSE), TPI Composites, Inc. (Nasdaq: TPIC), and Willdan Group, Inc. (Nasdaq: WLDN). The following securities have been removed from the Index: Atlantica Sustainable Infrastructure Plc (Nasdaq: AY), FuelCell Energy, Inc. (Nasdaq: FCEL), Lion Electric Co. (New York: LEV), Maxeon Solar Technologies Ltd. (Nasdaq: MAXN), Stem, Inc. (New York: STEM) and SunPower Corp. (Nasdaq: SPWR).
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 including minimum requirements for market capitalization, 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.
The following securities have been added to the QGRD Index: GE Vernova, Inc. (New York: GEV) and Shihlin Electric & Engineering Corp. (Taiwan: 1503). The following security has been removed from the Index: GE Aerospace (New York: GE).
The Nasdaq OMX Clean Edge Smart Grid Infrastructure Index is designed to act as a transparent and liquid benchmark for the smart grid and electric infrastructure sector. The Index includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and electric vehicle network management; and enabling software used by the smart grid and electric infrastructure sector. The securities must also meet other eligibility criteria including minimum requirements for market capitalization and average daily dollar trading volume. The Nasdaq OMX Clean Edge Smart Grid Infrastructure Index is evaluated semi-annually in March and September.
The Index is the basis for the First Trust Nasdaq® Clean Edge® Smart Grid Infrastructure Index Fund (GRID), which seeks investment results that correspond generally to the price and yield of the Nasdaq OMX Clean Edge Smart Grid Infrastructure Index before fees and expenses.
The following security has been added to the HHO Index: Middlesex Water Co. (Nasdaq: MSEX). The following security has been removed from the Index: Flowserve Corp. (New York: FLS).
The ISE Clean Edge Water Index is designed to track the performance of U.S.-listed companies that derive a substantial portion of their revenues from the potable water and wastewater industry. Industry exposure includes water distribution, infrastructure (pumps, pipes and valves), water solutions (purification and filtration), and ancillary services such as consulting, construction, and metering. The securities must also meet other eligibility criteria including minimum requirements for market capitalization and average daily dollar trading volume. Securities which meet eligibility criteria are then ranked in descending order by market capitalization and the top 36 securities are selected as Index Securities. The ISE Clean Edge Water Index is re-ranked semi-annually in March and September.
The Index is the basis for the First Trust Water ETF (FIW), which seeks investment results that correspond generally to the price and yield of the ISE Clean Edge Water Index before fees and expenses.
The following securities have been added to the GWE Index: Energix-Renewable Energies Ltd. (Tel Aviv: ENRG), Fugro NV (Amsterdam: FUR), and GE Vernova, Inc. (New York: GEV). The following securities have been removed from the Index: Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A. (São Paulo: AERI3), Aker Horizons ASA (Oslo: AKH), China High Speed Transmission Equipment Group Co. Ltd. (Hong Kong: 658), Encavis AG (Xetra: ECV), GE Aerospace (New York: GE), and OX2 AB (Stockholm: OX2).
The ISE Clean Edge Global Wind Energy Index is designed to track the performance of companies that are primarily engaged and involved in the wind energy industry based on analysis of the products and services offered by those companies (including both pure-play companies focused on the wind energy sector and diversified multinationals with wind energy sector exposure). The securities must also meet other eligibility criteria including minimum requirements for market capitalization and average daily dollar trading volume. The ISE Clean Edge Global Wind Energy Index is re-ranked semi-annually in March and September.
The Index is the basis for the First Trust Global Wind Energy ETF (FAN), which seeks investment results that correspond generally to the price and yield of the ISE Clean Edge Global Wind Energy Index before fees and expenses.
About Clean Edge, Inc.
Clean Edge, Inc., founded in 2000, is a developer and publisher of thematic research on clean energy, transportation, water, and the grid. The firm is a joint developer of and contributor to the Nasdaq Clean Edge Green Energy Index (CELS), which was launched in partnership with Nasdaq in 2006. Other indexes include the Nasdaq OMX Clean Edge Smart Grid Infrastructure™ Index, ISE Clean Edge Water Index, and ISE Clean Edge Global Wind Energy Index. Clean Edge managing director Ron Pernick is the co-author of two books, including The Clean Tech Revolution (HarperCollins, 2007), the first book to chronicle the growth and investment opportunity of clean technology. To keep abreast of the latest clean-tech trends, or for more information on the company, visit www.cleanedge.com.
Media Contact:
Ron Pernick, Clean Edge, Inc.
503-493-8681
pernick@cleanedge.com
Nasdaq® is a registered trademark of Nasdaq, Inc. and Clean Edge® is a registered trademark of Clean Edge, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor Clean Edge, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed or other publicly listed companies or Nasdaq Clean Edge proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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