More evidence that cleantech and clean energy investing is moving in to the mainstream, Clean Edge, one of the firms our columnist Joel Makower is involved with, has announced today that it has launched a Clean Energy Stock Index, the NASDAQ® Clean Edge® U.S. Index.
From the press release:
“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.”
The index will begin on May 18, track under NASDAQ: CLNX (total return calculation basis), and NASDAQ: CLEN (price return calculation basis).
The Clean Edge/NASDAQ collaboration adds a high profile clean energy industry player to a mix of indices including the Wilder Hill New Energy Global Innovation Index (AMEX:NEX), the Wilder Hill Clean Energy Index (AMEX:ECO) and the Cleantech Capital Index, put out by the Wilder Hill and the Cleantech Venture Network in conjunction with the American Stock Exchange.
Slowly, but surely, whether you call them energy and environmental technologies, cleantech, clean energy, green power, green tech, renewable energy, alternative energy, or something else, the next generation of energy and environmental technologies are making themselves felt in the financial markets.