Semi-Annual Changes to the NASDAQ Clean Edge U.S. Indexes

  


     Semi-Annual Changes to the NASDAQ Clean Edge U.S. Indexes

NEW YORK , OAKLAND, Calif, and PORTLAND, Ore., Sept. 17, 2007 (PRIME
NEWSWIRE) -- The Nasdaq Stock Market, Inc. ("NASDAQ") (Nasdaq:NDAQ)
announced today the results of the semi-annual reconstitution of the
NASDAQ(r) Clean Edge(r) U.S. Index (Nasdaq:CLEN) and the NASDAQ(r)
Clean Edge(r) U.S. Liquid Series Index (Nasdaq:CELS) (the "Indexes"),
which will become effective with the market open on Monday, September
24, 2007. 
The following twelve securities will be added to the Indexes: China BAK
Battery, Inc. (Nasdaq:CBAK), Comverge, Inc. (Nasdaq:COMV), Capstone
Turbine Corporation (Nasdaq:CPST), EnerNOC, Inc. (Nasdaq:ENOC), Hoku
Scientific, Inc. (Nasdaq:HOKU), LDK Solar Co., Ltd. (NYSE:LDK),
Metabolix, Inc. (Nasdaq:MBLX), Nova Biosource Fuels, Inc. (AMEX:NBF),
Power Integrations, Inc. (Nasdaq:POWI), Vicor Corporation
(Nasdaq:VICR), Verenium Corporation (Nasdaq:VRNM), and Yingli Green
Energy Holding Company Limited (NYSE:YGE). 
"The semi-annual reconstitution of the NASDAQ Clean Edge indexes
ensures true representation of the leading corporate innovators in the
clean-energy sector," said NASDAQ Executive Vice President John L.
Jacobs. "The reconstitution of these indexes is an objective process
that culminates in the formation of a select group of high-technology
companies that are among the most forward thinking in the world." 
According to Clean Edge, Inc., a leading clean-tech research and
publishing firm, the clean energy sector has experienced considerable
growth since the launch of the initial NASDAQ Clean Edge U.S. Index.
When the first index was introduced in May 2006, there were 47
companies in the index with a combined market capitalization of $55
billion. As a result of this reconstitution, the index will be composed
of 53 companies with a combined market capitalization of $78 billion as
of August 31, 2007. Recent additions to the Indexes include U.S.-listed
companies involved in smart-grid developments, solar PV manufacturing,
biofuels and biomaterials production, and advanced batteries --
representing some of the highest growth areas of the overall energy
sector. 
"Our recent index performance reflects strong market conditions for the
domestic clean-energy sector and our unique benchmark approach,"
explains Ron Pernick, Co-Founder and Principal of Clean Edge and
co-author of The Clean-Tech Revolution, published by Collins in June
2007. "Our indexes are based on stringent quantitative and qualitative
criteria and supported by the research teams of Clean Edge and NASDAQ." 
The NASDAQ Clean Edge U.S. Liquid Series Index and the NASDAQ Clean
Edge U.S. Index have returned 27.4% and 21.6%, respectively,
year-to-date as of September 14, 2007. During the same period, the
Wilderhill Clean Energy Index(r) has returned 21.6%, the Russell
2000(r)Index 0.5%, and the NASDAQ Composite Index 7.7%. 
The NASDAQ Clean Edge U.S. Liquid Series Index is the basis for the
First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund
(Nasdaq:QCLN), which seeks investment results that correspond generally
to the price and yield of the NASDAQ Clean Edge U.S. Liquid Series
Index before fees and expenses. For more information about the fund,
visit http://www.ftportfolios.com/retail/productsearch.aspx. 
The Indexes are designed to track the performance of clean-energy
companies that are publicly traded in the U.S. The Indexes include
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 indexes cover 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 Indexes are evaluated on a semi-annual basis in March and
September. For more information about the NASDAQ Clean Edge U.S. Index
and the NASDAQ Clean Edge U.S. Liquid Series Index, including detailed
eligibility criteria, visit http://nasdaq.com/indexes. 
As a result of the evaluation, Solarfun Power Holdings Co., Ltd.
(Nasdaq:SOLF) and Valence Technology, Inc. (NYSE:VLNC) will be removed
from the Index. 
NASDAQ Financial Products (NFP) is engaged in the design, development,
calculation, licensing, and marketing of NASDAQ indexes. NFP
specializes in the development of indexes focusing on NASDAQ's brand
themes of innovation, technology, growth, and globalization. More than
500 financial products sold in 36 countries are based on NASDAQ
indexes. NFP also provides custom index services and design solutions
as a third-party provider to selected financial organizations. 
About NASDAQ 
NASDAQ is the largest U.S. equities exchange. With approximately 3,100
companies, it lists more companies and, on average, trades more shares
per day than any other U.S. market. It is home to companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading NASDAQ-listed
stocks as well as a leading liquidity pool for trading NYSE-listed
stocks. For more information about NASDAQ, visit the NASDAQ Web site at
www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/. 
About Clean Edge 
Clean Edge, Inc., with offices in Oakland, Calif. and Portland, Ore.,
is a leading research and publishing firm that helps companies,
investors, and policymakers understand and profit from clean
technologies. Through its research and reports, conferences and events,
online publications, and strategic consulting services, Clean Edge
tracks and analyzes clean-tech markets, trends, and opportunities.
Launched in 2001 by environmental and high-tech business pioneers Ron
Pernick and Joel Makower, Clean Edge and its network of partners and
affiliates offer unparalleled insight and intelligence. For more
information, visit www.cleanedge.com . 
Cautionary Note Regarding Forward-Looking Statements 
The matters described herein contain forward-looking statements that
are made under the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements include, but are not
limited to, statements about the NASDAQ Clean Edge U.S. Indexes. We
caution that these statements are not guarantees of future performance.
Actual results may differ materially from those expressed or implied in
the forward-looking statements. Forward-looking statements involve a
number of risks, uncertainties or other factors beyond NASDAQ's
control. These factors include, but are not limited to factors detailed
in NASDAQ's annual report on Form 10-K, and periodic reports filed with
the U.S. Securities and Exchange Commission. We undertake no obligation
to release any revisions to any forward-looking statements. 
NDAQG 


CONTACT:  The Nasdaq Stock Market, Inc.
          Media Contact:
          Wayne Lee
            301-978-4875
            Wayne.D.Lee@Nasdaq.com
          Issuer and Investor Contact:
          Lisa Chaney
            301-978-8281
            Lisa.Chaney@Nasdaq.com
 
          Clean Edge, Inc.
          Media Contact:
          Ron Pernick
          503-493-8681
          pernick@cleanedge.com

  
Provider ID: 00126731
-0- Sep/17/2007 11:00 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.