Via Triple Pundit and Cleantechblog, NASDAQ and Clean Edge, Inc. (co-founded by green business writer extraordinaire Joel Makower) have announced that their Nasdaq Clean Edge U.S. Index will launch on May 18. According to The Wall Street Journal, the index
…will track the stock performance of 45 companies in the clean-energy industry. The companies are mostly small to mid-cap, with 35 listed on Nasdaq and the remaining 10 on the New York Stock Exchange. They make products for technologies ranging from solar energy to biofuels and advanced batteries.
Officials of both Nasdaq and Clean Edge, which has headquarters in Portland, Ore. and Oakland, Calif., said the index will heighten the profile of an industry which is working to expand the use of alternative energies. “This index represents the further advancement, maturing and mainstreaming of the clean-energy sector,” said Ron Pernick, cofounder and principal of Clean Edge, which has been tracking the growth of clean-energy markets and companies for about five years.
We’ve all watched the phenomenal growth of clean energy technologies and businesses over the past 15 years (at least), and this index will promote that growth to a much larger audience. Clean energy isn’t just environmentally responsible; it’s also incredibly profitable. This index ought to get even more heads turning on Wall Street — hopefully, the capital will follow…