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: 13.025 +0.125 +0.97%). For reference, the NEX has a 52 week high of 436.21 and closed 2008 at 177.99.
For the week that ended on Monday, 01/19 the NEX lost 4.4% closing at 171.4. The NASDAQ and S&P 500 were down 0.6% and 2.3% for the same period. In the sectors, energy conversion was the best of a bad lot losing only 1.1%. Biofuels and biomass was the worst performing sector, losing 5.4%. The two largest sectors in the NEX, solar energy and wind energy were closely grouped near the index decline. Solar energy was off 4.9% and wind energy was down 4.6%.
Here are the best and worst performing stocks from the NEX for the week:
NEX top gainers since 13/01/09
GT Solar International SOLR + 23.9%
Epistar 2448 + 11.1%
Byd Co 1211 + 9.9%
5N Plus VNP + 9.9%
Xinjiang Goldwind 2202 + 9.4%
NEX top losers since 13/01/09
JA Solar Holdings JASO - 24.6%
Umicore UMI - 17.4%
Theolia 18481 – 14.9%
Kingspan Group KSP - 13.8%
Sanyo Electric 6764 - 12.7%
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