The following green stocks will be added to the Index: PowerSecure International, Inc. (Nasdaq:POWR), Tesla Motors, Inc. (Nasdaq:TSLA), and Vicor Corporation (Nasdaq:VICR).
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 lithium ion 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(R) Clean Edge(R) Green Energy Index is re-ranked semi-annually in March and September.
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.
Tesla Motors, Inc. (Nasdaq: TSLA) designs, develops, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components. In addition to designing and manufacturing electric vehicles with lithium ion batteries, Tesla sells and services them through its own sales and service network.
Tesla has delivered over 1,000 electric cars Tesla Roadsters to customers in 22 countries. Tesla is headquartered in Palo Alto, California.