Cleantech Index (CTIUS) rises 16.6% in first half of 2009

NEW YORK – July 16, 2009 – The Cleantech Group™, in conjunction with the New York Stock Exchange (NYSE), announced today that as part of the quarterly rebalance of its Cleantech Index™ (NYSE: CTIUS), EnerNOC (NASDAQ: ENOC) has joined the Cleantech Index effective June 30, 2009.

The changes are also reflected in exchange-traded funds (ETFs) based upon CTIUS: the PowerShares Cleantech ETF (NYSE: PZD) and the KSM Cleantech ETF in Israel (Ticker: KSMCLNT).

“We chose EnerNOC for its leadership in the electricity demand-response (DR) services market; it’s the sector’s largest player and closest to profitability,” said Rafael Coven, Index Manager and Managing Director of the Cleantech Group. “We think the growth of EnerNOC’s energy management and commissioning services will be key profit centers and help retain DR customers as competition for basic DR services rises.”

EnerNOC was founded in 2001 and had revenues of over $100 million in the last 12 months.

CTIUS soars 29.3 percent in Q2 and past many market indices for 2009
The Cleantech Index rose 29.3% in the second quarter, surpassing the S&P 500, Russell 2000, and MSCI-Barra EAFE indices for both the last 6 and 24 month periods.

“Although the Index’s recent outperformance has been impressive; short-term performance typically reflects changes in investor sentiment. CTIUS is designed to track powerful, long-term macro trends that may be overshadowed on a quarterly basis,” said Coven.

“In the long term, we believe the Cleantech Index will significantly outperform broad stock market indices since it tracks the surging global demand for cleantech solutions across all industries. Narrow sector indices in alternative energy or still narrower sub-indices are useful short-term indicators, but I question their long-term trajectory,” he added.

The Cleantech Group’s Cleantech Index is the first, and only, equity index to offer investors and index licensees an easy, liquid, and cost effective way to track and invest in the broad cleantech category. Unlike indices that specifically track narrow sectors such renewable energy or water, the Cleantech Index includes leading companies from a broad range of sectors such as advanced materials, agriculture, transportation, manufacturing, in addition to energy efficiency, renewables and water.

About the Cleantech Group, LLC
The Cleantech Group pioneered the clean technology investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally. The company’s worldwide network of investors, entrepreneurs, enterprises, service providers and others— representing trillions of dollars in assets—receives access to capital, investment deal flow, networking, market leading research and data, sales leads and promotional opportunities. The Cleantech Group also provides advisory services for large corporations and governments, publishes leading cleantech sector industry news coverage and produces the premier Cleantech Forum® events worldwide. Details are available at http://www.cleantech.com.

SOURCE:
Cleantech Group, LLC

Press contact

Rafael Coven
Cleantech Group
Tel: +1-810-224-4310 ext. 7650
Email: indexinfo@cleantech.com

WEB SITE:
http://www.cleantech.com/index