WilderHill Clean Energy Index ETF to Begin Trading on Amex March 3, 2005
March 01 2005 - 5:00AM
PR Newswire (US)
WilderHill Clean Energy Index ETF to Begin Trading on Amex March 3,
2005 SAN DIEGO, Calif., March 1 /PRNewswire-FirstCall/ -- This
Thursday, PowerShares Capital Management LLC, will introduce a new
exchange traded fund (ETF) based on the WilderHill Clean Energy
Index, the first index comprised of companies focused on developing
renewable sources of energy, clean energy technologies and
environmentally-friendly technologies within the energy sector. The
"PowerShares WilderHill Clean Energy Portfolio" (AMEX:PBW) will
begin trading on the American Stock Exchange March 3, 2005 and will
replicate the WilderHill Clean Energy Index. The WilderHill Clean
Energy Index was developed by Dr. Robert Wilder as a benchmark for
the clean and renewable energy sector. According to industry
research, the total clean energy market for wind, solar and fuel
cells will grow to $92 billion in 2013, roughly seven times its
present size. Lower costs from advances in technology are helping
fuel the growth in alternative energy investment. According to the
U.S. Department of Energy, the cost of wind and solar technology
has declined by 80% over the past two decades. As the prices of
crude oil and other petroleum products remain near historic highs,
investment in the development and use of alternative sources of
energy becomes more attractive and cost effective. Thirteen states
now require utilities to obtain a portion of their electricity from
renewable sources. Nonpolluting alternative energy sources
including wind, solar, hydroelectric, bio-fuel, geothermal, hybrid
automotive and fuel cells have become multi-billion dollar markets
in recent years. The WilderHill Clean Energy Index uses modified
equal dollar weighting and is composed of companies that are
working in six clean energy areas: (1) Power Delivery and
Conservation (companies working on technologies that match power
loads to outputs, conversion of DC to AC, etc.); (2) Cleaner
Utilities (companies focused on cleaner methods of making electric
power including wind, solar, bio-fuel, geothermal and
hydroelectric); (3) Energy Conversion (companies developing devices
to convert fuels such as bio-fuels to electric power); (4) Cleaner
Fuels (companies involved in researching the production of hydrogen
as a power source for such things as personal electronic devices
and automobiles); (5) Energy Storage (companies creating products
that store energy); (6) Renewable Energy Harvesting (producers of
renewable energy and manufacturers of products that are used to
capture and convert renewable energy such as solar, wind, and
bio-fuels.) The following 37 companies comprise the WilderHill
Clean Energy Index. WilderHill Clean Energy Index Components as of:
02/25/05 Company Name Symbol % Weighting Distributed Energy Sys
DESC 4.53 % Evergreen Solar ESLR 4.35 % Plug Power PLUG 3.74 %
Medis Technologies MDTL 3.52 % FuelCell Energy FCEL 3.37 % Maxwell
Technologies MXWL 3.35 % Energy Conv Devices ENER 3.30 % Itron Inc
ITRI 3.24 % Power Integrations POWI 3.21 % Zoltek Co ZOLT 3.19 %
Scottish Power Ads SPI 3.17 % Amer Power Conversion APCC 3.03 %
Kyocera Corp Adr KYO 3.01 % Kemet Corp KEM 2.98 % International
Rectifier Corporation IRF 2.92 % Capstone Turbine CPST 2.84 %
Hydrogenics Corp HYGS 2.80 % Intermagnetics Genl IMGC 2.80 %
Ultralife Batteries ULBI 2.74 % Ballard Power Systems BLDP 2.69 %
Quantum Fuel Sys Tech QTWW 2.64 % Active Power ACPW 2.58 % Emcore
Corp EMKR 2.54 % IMPCO Technologies IMCO 2.51 % Mechanical
Technology MKTY 2.39 % C&D Technologies CHP 2.38 % Echelon Corp
ELON 2.35 % Magnetek Inc MAG 2.20 % Amer Superconductor AMSC 2.01 %
IDACORP Inc IDA 1.92 % Central VT Pub Svc CV 1.90 % Power-One PWER
1.86 % Calpine Corp CPN 1.77 % Air Products & Chem APD 1.65 %
Praxair Inc PX 1.57 % BOC Group Ads BOX 1.56 % MGP Ingredients MGPI
1.38 % For additional information and further details about the
WilderHill Clean Energy Index, please visit
http://www.wildershares.com/, or contact CTA Public Relations at
303-665-4200. Contact: Bevo Beaven, Vice President Bill Conboy,
Senior Account Executive CTA Public Relations 303-665-4200 ;
DATASOURCE: WilderShares LLC CONTACT: Bevo Beaven, Vice President,
, or Bill Conboy, Senior Account Executive, , both of CTA Public
Relations, +1-303-665-4200, for WilderShares LLC Web site:
http://www.wildershares.com/
Copyright