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Each week I provide a review of the previous week’s performance of the WilderHill New Energy Global Innovation Index, symbol NEX. This information is provided by New Energy Finance. The NEX is the bogey for the PowerShares Global Clean Energy Fund (PBD: 25.709 +0.2514 +0.99%). These results are for the week ending on Friday.

For last week the NEX lost 5.2%, significantly worse than the NASDAQ and S&P500, off 0.7% and 2.0%. AMEX oil was down a similar 4.5%. The solar sector led the way down, retreating 9.3%. Three of the bottom five stocks were from the solar sector. Hydrogen and fuel cells was the only sector in positive territory, gaining 2.5%. Fuel cell maker Ballard Systems jumped 11.8% after signing a 2-year service agreement with Daimler for bus mounted fuel cell systems.

Here are the top and bottom stocks from the NEX for last week:

NEX top gainers since 22/07/08
GS Yuasa 6674 + 18.5%
Zhejiang Yankon Group 600261 + 17.7%
Verenium VRNM + 13.9%
Ballard Power Systems BLD + 11.8%
Meidensha 6508 + 11.0%

NEX top losers since 22/07/08
Solaria Energia y Medio Ambiente SLR - 27.6%
EnerNOC ENOC - 21.6%
Comverge COMV - 20.6%
MEMC Electronic Materials WFR - 16.1%
Roth & Rau R8R - 15.9%

Note: I have no position in any security listed.