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The solar industry has undergone dramatic growth in 2007.   Reflecting this growth is an increase from 24 to 33 companies passing Camino’s index screening methodology.  As a result we have decided to discontinue our solar tracking index in favor of our modified market cap index. The index was reconstituted and rebalanced as of January 2, 2008.  

We have computed the index since October of 2007 and back-tested the methodology to April 10, 2007.   Prior to April 10 we spliced the former equal weight tracking index as a good proxy for solar industry performance.   During the April – July 2007 overlap period, as prevously reported in our October 29, 2007 posting, we saw good agreement between the indices. 

With the index representing USD 122 billion in market cap this is the real deal.

This entry was posted by Mark Henwood on January 11, 2008 at 1:03 am under Indices. Both comments and pings are currently closed.