New Energy Finance – NEX – Weekly Review
Each week I recap the results of the WilderHill New Energy Global Innovation Index, symbol NEX, and published by New Energy Finance Ltd. The index consists of approximately 90 stocks from 22 countries. The NEX is the tracking index for the PowerShares Global Clean Energy Portfolio ETF (PBD: 12.99 0.00 0.00%). For reference, the NEX has a 52 week high of 461.56.
For the week the NEX gained 8.7%, trailing the NASDAQ up 12.4% and the S&P 500, which gained 11.5%. AMEX Oil was 5.6% in the positive.
Solar energy was the top sector, gaining 13.7%. The sector was paced by Yingli Solar which signed a contract to deliver 91 MW of PV solar modules to IBC Solar. Suntech jumped after reporting a year-over-year profit increase of 53%. Both of these Chinese companies trade on the NYSE.
Co-largest sector in the index, wind energy gained 8.6% as several turbine manufacturers signed contracts for new turbines.
Here are the winners and losers from the index for the week:
NEX top gainers since 02 Dec 08
Yingli Green Energy Holding YGE + 53.0%
American Superconductor AMSC + 46.4%
Plug Power PLUG + 40.4%
Itron ITRI + 30.8%
Suntech Power Holdings STP + 30.6%
NEX top losers since 02 Dec 08
Aventine Renewable Energy Holdings AVR - 44.2%
Conergy CGY – 16.4%
Takuma 6013 - 16.3%
Epistar 2448 – 12.9%
Babcock & Brown Wind Partners Group BBW - 11.8%
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment