• Sep 13th 2010 at 6:57PM
  • 17
What is the NASDAQ Clean Edge Green Energy Index? We had no idea it even existed until NASDAQ sent out a release today saying that electric car pioneer Tesla Motors had been added to it (along with smart grid company PowerSecure International and Vicor Corporation, which makes electric system components). Here's how NASDAQ explains the index:
The Index includes 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 index covers are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials.
NASDAQ updates the index every six months, and the latest new additions will be added starting September 20. Companies on the list that ABG readers will likely have heard of include A123 Systems, Ballard Power and Ener1. Check that: Ballard – along with another fuel cell-centric company called FuelCell Energy – will be removed from the index the day TSLA is added. If that's not a sign o' the times, we don't know what is.

*UPDATE: The headline of this post was changed to remove the implication that Tesla forced the other companies off.

[Source: NASDAQ]

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    • 1 Second Ago
      • 5 Years Ago
      "quite a market. you waste 1bn$ and someone steps in and buys you for 10bn. what a world.."

      Waste? Seems to us it was Tesla's pioneering EV technology that kicked Volt, Prius, Leaf, Think, and all the rest in the ass to build P/HEVs. These guys WILL produce the Model S and it will delight consumers just when they grok the value of EVs.

      Tesla is the Wright Bros. of modern EVolution. In short, this little silicon valley startup has already revolutionized transportation on Earth. They deserve to be rich.
      • 5 Years Ago
      I grew up having a technological insight such as other inventors in the worlds history. Over a period of time I have created many advanced Clean Green Energy concepts. Those concepts have evolved into factual and exceptional forms of energy. I am sure this technology will serve to safe-keep mankind in the future, build employment and financial security as well as stabilize the economy worldwide. These technologies will fall under Accelerated Clean Green Energy. Having the greatest respect and appreciation for our U.S. government and the Department of Energy, they are my heros for reviewing my first technology the "Trollevent Wind Turbine". This technology uses the wind for about five minutes as start-up and runs itself accelerating to higher controlled speeds without the wind. Thereby delivering an abundance of usable power adapting to any climate. The U.S. DOE graded the "Trollevent Wind Turbine" as a tremendous potential technology for the future of the United States. The "Trollevent Wind Turbine" is in solicitation to sell and place. As an individual working on such a large technology I am inviting a financial helper or a philanthropist to work with me on this technology or all three technologies. The next two technologies, the "Sun Pac Plant" and the "Trollevert Units" will be a greater value in Clean Green Energy than the "Trollevent Wind Turbine." I plan to deliver the next two technologies to the DOE in working prototype form to prove my theory. I will share all of the DOE history and minor blue prints for the "Trollevent Wind Turbine" at your request. If and only if you are a seriously interested party you may contact me through my email. My email address is joeholcromb@yahoo.com.
      • 5 Years Ago
      Great news. If Tesla keeps this up they'll soon be the next GM!
        • 5 Years Ago
        Tesla builds 15 cars a week, around 750 in all of last year.
        GM had its worst year in decades in 2009 and they built 2,000,000 cars in North America alone.
        Tesla is a niche vehicle for rich people. They will probably get swallowed by Toyota, which would be a pity. I hope Tesla lives long enough to build the S model, because they are a spur in the side of the big boys. They will probably never get very large on their own, though it would be great if they did!

      • 5 Years Ago
      It only means that Tesla is less vaporware-esque :P
        • 5 Years Ago
        "and has no viable product to sell for the next 3 years does not exactly look legitimate."

        So the Roadster isn't viable? And the Model S (coming out 2012) isn't viable? The battery and control systems they're supplying to Toyota isn't viable?

        Your logic and reasoning here does not exactly look legit..
        • 5 Years Ago
        Tesla has at least produced one model, of which they have sold more than a thousand examples.
        Certainly, the "Model S" is not yet available for sale, but it does exist as a drivable prototype at least. Will it ever see production? I don't know, but it isn't yet behind schedule AFAIK.
        "White Star", the economy model, isn't even planned for production for two years yet IIRC.
        You want to talk vaporware? Duke Nukem Forever, baby!
        Or Chevy Volt.
        • 5 Years Ago

        WhiteStar is the Model S, you're thinking of BlueStar (Model T?)
        • 5 Years Ago
        Certainly Tesla loses "millions of dollars per month" - but its founder is (or was) a multi-billionaire. As long as he and other insanely rich folks are willing to inject capital, the company cannot be written off. R&D is expensive, don't you know. Just ask RAND Corporation. Oh, wait, they spend other peoples' money... never mind.
        As for Duke Nukem, PHP 6, and the Chevy Volt... I will believe it when I see it!
        Btw, Middle Way, I don't actually disagree with your position as I understand it. Just having fun with the details here. Hope you don't mind!
        • 5 Years Ago
        Duke Nukem forever is actually coming out very soon actually, LOL... so is the Volt.

        Tesla may not fit the conventional definition of vaporware, but as a company that loses millions of dollars per month and has no viable product to sell for the next 3 years does not exactly look legitimate.
        • 5 Years Ago
        Please, please for the sake of all our children and grandchildren do a bit of research before calling companies like Ballard, FCE and other "Vaporware". This idea that an electric car company is greener than a fuel cell company, or that these companies were not green enough to remain on this list is really without merit.

        Take some time, look at the impact that stationary power has had, distributed generation, waste to energy, the real progress that efficient renewable energy has made before purporting nonsense.
      • 5 Years Ago
      Unless the list is limited to a specific number of companies the title is a misleading as Tesla didn't bump *anybody* off the list; NASDAQ simply decided that fuel-cell companies aren't "green" enough to be on the list.
        • 5 Years Ago
        "...NASDAQ simply decided that fuel-cell companies aren't "green" enough to be on the list."

        Not the case at all - NASDAQ made no decision based on "green" merit.

        Removing them from the list was for the reason mentioned by nottosmart; they failed to meet a requirement for being listed; notice that changes are made every six months.

        Ballard failed to meet the Market Cap requirement of $150M - they are at $148.1M
        UQM was at $97.3M but that won't stop them from providing motors to Fisker and Coda, among others including the bus company written about a few days ago.
        Evergreen Solar will also be delisted under the same requirement.
        Capstone is under the $1 per share requirement...

        They could all easily be listed once again, as long as the requirements are met. Ultimately this is meaningless to the companies listed, other than for PR.
        • 5 Years Ago
        You're correct, Tesla didn't bump them off. They failed to meet one of the following criteria:

        - Listed on NASDAQ, NYSE or Amex
        - Minimum market cap of $150 million
        - Average daily trading volume of at least 100-thousand shares year-to-date
        - Minimum closing price of $1.00
        - Demonstrated ability to capture the growth potential of the clean-energy sector

        Ballard Power Systems, Capstone Turbine Corporation , Evergreen Solar, FuelCell Energy and UQM Technologies were removed.
      • 5 Years Ago
      Sanity returns. A good move in the proper direction.
        • 5 Years Ago
        sanity is overstating it when it comes to the stock market.
        hydrogen fuel cells may not have a green role but Tesla's stock price is quite insane in itself.
        Tesla isn't worth the 2bn$ the stock market says it is. probably worth less than 0$
        unless of course further stock market insanity will inflate the balloon further when the model S doesn't make money either : )
        and then some really big company buys it.

        quite a market. you waste 1bn$ and someone steps in and buys you for 10bn. what a world..
        • 5 Years Ago
        So said the great armchair engineer, whose own "car company" hasn't even produced a single prototype, or ever will, and whose market cap really is zero. It is sooo much easier to make pompous pronouncements on other people's work than to do the work yourself.
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