New Energy Finance - Nex - Weekly Review

Posted by Tim

April 29, 2008

Time again for my weekly recap on the performance of the New Energy Finance renewable energy index -NEX for last week. For investors, the performance of the NEX is tracked by the PowerShares Global Clean Energy Fund (PBD: 25.936 +0.386 +1.51%).

Last week the NEX gained 0.8%, tenths better than the NASDAQ and S&P 500. The top performing sector was wind energy, gaining 4.3%. Solar energy was the laggard sector, losing 1.4%. Overall, 3 sectors were positive and 4 in negative territory.

Here are the winners and losers from the index for last week:

NEX top gainers since 22/04/08
Baldor Electric BEZ + 18.8%
Novozymes A/S Series B NZYM’B + 17.8%
Theolia TEO + 16.4%
Aventine Renewable Energy Holdings AVR + 13.9%
REpower Systems RPW + 13.6%

NEX top losers since 22/04/08
Medis Technologies MDTL - 20.3%
Zhejiang Yankon Group 600261 - 18.5%
Cree CREE - 13.8%
Evergreen Solar ESLR - 11.8%
Gushan Environmental Energy GU - 10.8%

Note: I currently do not have a position i