Swing Trading Strategies & Stock Picks Since 2003

Each week I recap the results of the WilderHill New Energy Global Innovation Index, symbol NEX, and published by New Energy Finance Ltd. The index consists of approximately 90 stocks from 22 countries. The NEX is the tracking index for the PowerShares Global Clean Energy Portfolio ETF (PBD: 11.42 +0.3024 +2.72%). For reference, the NEX has a 52 week high of 436.21 and closed 2008 at 177.99.

For the week ending at market close on Monday the NEX lost 1.9%, finishing at 162.41. The NASDAQ was unchanged for the same period.

Solar energy, one of the two largest sectors in the index was the big loser for the week, off 3.6%. A couple of German solar companies (#’s 2 and 3 in the loser list below) were the main culprits in the sector’s pullback. The other co-largest sector, wind energy, was down 2.6%. Belgian gearbox manufacturer, Hanson Transmissions and Danish firms Greentech and Vestas were down 11.4%, 11.1% and 10.7%, respectively.

The one sector in positive territory was energy efficiency, up 1.3%. The sector’s gain was largely due to EnerNOC’s nice week.

Here are the best and worst performing stocks from the NEX for the week:

NEX top gainers since 27/01/09
EnerNOC ENOC + 22.3%
Zoltek ZOLT + 19.7%
Sao Martinho S/A Ord SMTO3 + 14.3%
Kingspan Group KSP + 13.8%
Takuma 6013 + 12.7%

NEX top losers since 27/01/09
Gushan Environmental GU - 17.1%
Solar Millennium S2M - 14.3%
GT Solar International SOLR - 14.0%
Fuel Systems Solutions FSYS - 13.1%
Centrotherm Photovoltaics CTN - 12.1%