NEW YORK, Sept. 12, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ® Clean Edge® Green Energy Index (Nasdaq:CELS), which will become effective prior to market open on Monday, September 19, 2011.
The following five securities will be added to the Index: Amyris, Inc. (Nasdaq:AMRS), Elster Group SE (NYSE:ELT), IXYS Corporation (Nasdaq:IXYS), KiOR, Inc. (Nasdaq:KIOR), and Solazyme, Inc. (Nasdaq:SZYM).
The Index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Index includes companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the index covers are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials. The securities must also meet other eligibility criteria which include minimum requirements for market value, average daily share volume, and price. The NASDAQ Clean Edge Green Energy Index is re-ranked semi-annually in March and September. For more information about the NASDAQ Clean Edge Green Energy Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The NASDAQ Clean Edge Green Energy Index is the basis for the First Trust NASDAQ Clean Edge Green Energy Index Fund (Nasdaq:QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge Green Energy Index before fees and expenses.
As a result of the evaluation, the following 11 securities will be removed from the Index:
Advanced Battery Technologies, Inc. (Nasdaq:ABAT), Active Power, Inc. (Nasdaq:ACPW), Amtech Systems, Inc. (Nasdaq:ASYS), Ballard Power Systems Inc. (Nasdaq:BLDP), Broadwind Energy, Inc. (Nasdaq:BWEN), EMCORE Corporation (Nasdaq:EMKR), Energy Conversion Devices, Inc. (Nasdaq:ENER), FuelCell Energy, Inc. (Nasdaq:FCEL), Ener1, Inc. (Nasdaq:HEV), SemiLEDS Corporation (Nasdaq:LEDS), and China Ming Yang Wind Power Group Limited (NYSE:MY).
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.com/indexes.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, including First North, NASDAQ OMX Baltic and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
About Clean Edge
Clean Edge, Inc., founded in 2000, is the world's first research and advisory firm devoted to the clean-tech sector. For more than a decade, the firm has delivered timely data, expert analysis, and comprehensive insights to key industry stakeholders. The company offers an unparalleled suite of index, benchmarking, and advisory services. These include the State Clean Energy Leadership Index, the annual Clean Energy Trends report, the Clean-Tech Investor Summit, and stocks indices which track U.S. clean-energy (CELS) and global wind (QWND) and smart-grid infrastructure (QGRD) companies. For more information about Clean Edge, visit http://www.cleanedge.com.
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