The NASDAQ OMX Group, Inc. (NasdaqGS:NDAQ) announced today the results of the semi-annual evaluation of the NASDAQ Clean Edge U.S. Index (Nasdaq:CLEN) and the NASDAQ Clean Edge U.S. Liquid Series Index (Nasdaq:CELS), which will become effective with the market open on Monday, March 24, 2008.
The following eight securities will be added to the Indexes: Advanced Battery Technologies, Inc. (NasdaqCM:ABAT), Akeena Solar, Inc. (NasdaqCM:AKNS), Ascent Solar Technologies, Inc. (NasdaqGM:ASTI), Gushan Environmental Energy Limited (NYSE:GU), Orion Energy Systems, Inc. (NasdaqGM:OESX), Solarfun Power Holdings Co., Ltd. (NasdaqGM:SOLF), Ultralife Batteries, Inc. (NasdaqGM:ULBI) and Valence Technology, Inc. (NasdaqCM:VLNC).
The Indexes are designed to track the performance of clean-energy companies that are publicly traded in the U.S.
The Indexes include 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 Indexes are evaluated on a semi-annual basis in March and September.
The NASDAQ Clean Edge U.S. Liquid Series Index is the basis for the First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund (NasdaqGM:QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge U.S. Liquid Series Index before fees and expenses.
As a result of the evaluation MGP Ingredients, Inc. (NasdaqGS:MGPI) will be removed from the Index.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries.
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