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. and 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).
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.
"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."
"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."
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 NASDAQ-100 Index, NASDAQ
Financial-100 Index and the NASDAQ Composite Index.