Clean Energy Stocks Return to Growth: WilderHill New Energy Global Innovation Index (NEX) Increases by Over 100% Since January 1 of 2006
A growth trend has returned to fast-expanding clean energy as measured by WilderHill New Energy Global Innovation Index (NEX), posting a 55% increase for year-to-date 2007, and passing a 100% mark by doubling since January 1st of 2006.
London and U.S.A (PRWEB) November 6, 2007 -- A growth trend has returned to fast-expanding clean energy as measured by WilderHill New Energy Global Innovation Index (NEX), posting a 55% increase for year-to-date 2007, and passing a 100% mark by doubling since January 1st of 2006.
In early October there were prominent gains in the Solar sector as well as Other Renewables (geothermal etc); similarly the stocks increased in Wind, Demand-Side Energy Savings, and Biofuels. However, Energy Savings posted a decline. By mid-month Generation Efficiency, and Power Storage showed most volatility (again upwards) -- while Solar was mainly unchanged.
Third week in October saw declines across most sectors with an exception of Hydrogen & Fuel Cells, yet the Index mainly held gains. Fourth week resumed a strongly upward trend especially in solar. Overall in October the Index increased by +10.7% and it moved across the low to mid-400s, from the month's low of 408 that happened on October 1st to reach a high of 452 neatly on October 31st. The NEX calculates live in several currencies including in U.S. Dollars, in Euros, Pounds Sterling, & Japanese Yen.
Top 5 Gainers/Losers in October 2007:
Schmack Biogas AG (Germany) +67.8%
Sunpower (US) +52.7%
Suntech Power (China) +47.6%
Yingli Green Energy (China) +43.2%
Suzlon Energy (India) +36.4%
Conergy AG (Germany) -51.5%
LDK Solar (China) -42.5%
Pacific Ethanol (US) -16.5%
Arima Optoelectronics (Taiwan) -15.9%
Novozymes A/S (Denmark) -14.8%
WilderHill New Energy Global Innovation Index
WilderHill New Energy Global Innovation Index (NEX) is comprised of companies worldwide whose innovative technologies focus on generation and use of cleaner energy, conservation, efficiency and advancing renewable energy generally. Included are lower-carbon approaches relevant to climate change, smarter solutions to avoid greenhouse gases and technologies that can reduce emissions relative to traditional fossil fuel use. A majority of companies in NEX are listed on exchanges outside of the United States.
The NEX Index launched February 1, 2006 and is published by WilderHill New Energy Finance LLC as a partnership between New Energy Finance Limited based in London, Joshua Landess based in the U.S., and Dr. Rob Wilder based in the U.S. http://www.nex-index.com
About New Energy Finance
New Energy Finance is the world's leading independent provider of research to investors in renewable energy, biofuels, low-carbon technologies and the carbon markets. The company's research staff of 50 (based in London, Washington, New York, Beijing, Shanghai, New Delhi, Tel Aviv and Perth) tracks deal flow in venture capital, private equity, M&A, public markets, asset finance and carbon credits around the world.
Michael Liebreich, CEO & Founder
New Energy Finance Limited
71 Gloucester Place
London W1U 8JW
England
tel: +44 20 7467 2661
For more information on New Energy Finance:
http://www.newenergyfinance.com ;
For more information on New Carbon Finance:
http://www.newcarbonfinance.com ;
About Joshua Landess
Josh Landess is a pioneer in the creation of alternative energy stock market indexes, creating his first in February 2000. In September 2000, he and Dr. Rob Wilder teamed up and renamed one of Josh's indexes as The WilderHill Fuel Cell Index, collaborating in researching, maintaining and improving that index. In 2004, Landess and Wilder, with the help of the American Stock Exchange, led the team that created the WilderHill Clean Energy Index® (ticker: ECO). In January of 2006, Landess and Wilder collaborated with New Energy Finance to create The WilderHill New Energy Global Innovation Index, the first global index in New Energy put out over the tape.
About Dr. Rob Wilder
Dr. Wilder is widely published in the fields of energy and environment and is co-Founder and the Manager of the WilderHill Clean Energy Index® (ECO), the first index of companies for renewable energy, energy efficiency and lower-carbon solutions. It is tracked by a WilderHill Clean Energy Portfolio exchange traded fund (PBW) that has amassed over $1 billion in assets since launch in 2005. http://www.wildershares.com
Disclamer Note
The WilderHill New Energy Global Innovation Index ("NEX") is published by WilderHill New Energy Finance LLC, and is calculated by Dow Jones Indexes, a business unit of Dow Jones & Company, Inc. ("Dow Jones"). No financial instruments or products based on the NEX are sponsored, endorsed, or sold by WilderHill New Energy Finance, LLC or Dow Jones Indexes, and WilderHill New Energy Finance, LLC and Dow Jones Indexes make no representation regarding the advisability of investing in such product(s). Past results for the WilderHill New Energy Global Innovation Index (NEX) are no guarantee of future performance. Wide swings in the valuation of WilderHill New Energy Global Innovation Index should be expected; the Index is highly volatile and we anticipate this is an inherent aspect of clean energy securities. WHNEF LLC assumes no responsibility for the accuracy or completeness of the above data and disclaims all express and implied warranties in connection herewith.
Contact in the U.S.A for Media Inquiries:
Dr. Rob Wilder
Contact for Technical Inquiries:
Josh Landess
Contact Outside the U.S. and for Structured Products and Licenses on NEX:
Katya Grigorian
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