NEX / PBD weekly update
The NEX, New Energy Index which is tracked by the ETF PowerShares Global Clean Energy Trust (PBD: 12.99 0.00 0.00%), one of this site’s 20 Stock Portfolio components, finished last week up 6.1%. As you can see from the chart further below the index is down quite a bit from recent highs, so it is nice to see a strong weekly performance.
The numbers below show the biggest gainers and losers for the index. With volatility like that I believe it is too hard to pick winners in the renewable energy space at this time, so I believe PBD is the best place to get exposure there.
NEX top gainers since 22/01/08
Solon AG fuer Solartechnik + 36.2%
Cree CREE + 25.0%
Zhejiang Yankon Group Co. Ltd. + 21.7%
Roth & Rau R8R + 18.5%
Hansen Transmissions HSN + 18.4%
NEX top losers since 22/01/08
Arima Optoelectronics - 21.0%
Yingli Green Energy Holding YGE - 15.0%
Comverge COMV - 14.8%
Novozymes A/S Series B NZYM’B - 14.3%
Anhui BBCA Biochemical Co. Ltd. A – 13.1%
Source: Newenergyfinance.com
Note: I currently do not have a position in PBD.
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