The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the semi-annual evaluation of the NASDAQ Clean Edge Green Energy IndexSM (Nasdaq:CELS), which will become effective prior to market open on Monday, March 24, 2014.
The following ten securities will be added to the Index: Ballard Power Systems, Inc. (Nasdaq:BLDP), Hanwha SolarOne Co., Ltd. (Nasdaq:HSOL), Hydrogenics Corporation (Nasdaq:HYGS), IXYS Corporation (Nasdaq:IXYS), China Ming Yang Wind Power Group Limited (NYSE:MY), Pattern Energy Group Inc. (Nasdaq:PEGI), Pacific Ethanol, Inc. (Nasdaq:PEIX), Plug Power, Inc. (Nasdaq:PLUG), Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq:QTWW) and Real Goods Solar, Inc. (Nasdaq:RGSE).
The 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, biofuels and advanced batteries. The five major sub-sectors that the index covers are Renewable Electricity Generation, Renewable Fuels, 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. For more information about the NASDAQ Clean Edge Green Energy Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The NASDAQ Clean Edge Green Energy Index is the basis for the First Trust NASDAQ Clean Edge Green Energy Index FundSM (Nasdaq: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.
As a result of the evaluation, the following two securities will be removed from the Index: Aixtron SE (Nasdaq:AIXG) and Ameresco, Inc. (Nasdaq:AMRC).