New Energy Finance - NEX - Week in Review

This is my weekly recap of the NEX index, the WilderHill Global New Energy Innovation Index. The NEX is tracked by the PowerShares Global Clean Energy Fund (PBD). The results posted here are for the week that ended last Friday (May 16).

The NEX had a pretty spiffy week, gaining 6.3%, compared with the S&P 500, up 1.6% and the NASDAQ, up 1.1%. Digging up my posts for the past weeks since the recent low in mid March, the index is up 20.7% since those lows. In the different sectors, solar let the way up 7.9% with wind power close behind at a positive 7.5%. Of the seven sectors, only one was in negative territory, with hydrogen and fuel cells sliding 1.2%.

Here are the top and bottom stocks from the index for the week:

NEX top gainers since 13/05/08
Aventine Renewable Energy Holdings AVR + 37.5%
Zoltek ZOLT + 24.4%
Gushan Environmental Energy GU + 22.8%
Hansen Transmission HSN + 22.2%
Novozymes A/S Series B NZYM’B + 22.0%

NEX top losers since 13/05/08
Verenium VRNM - 8.9%

Medis Technologies MDTL - 7.1%
EnviTec Biogas ETG - 6.7%
Zhejiang Yankon Group 600261 - 6.2%
Centrotec Sustainable CEV - 6.1%

Note: I currently do not have a position in any security listed.

Posted in Categories: Contributor, External Research, Stocks, USA.

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