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ISE Clean Edge Global Wind Energy Index (GWE)

GWE Index Logo

The ISE Clean Edge Global Wind Energy Index  (GWE) is a float-adjusted modified market capitalization-weighted index designed to track the performance of companies that are engaged and involved in the wind energy industry based on analysis of the products and services offered by those companies (including both pure play companies focused on the wind energy sector and diversified multinationals with wind energy sector exposure).

An exchange traded fund, FAN , is based on the Nasdaq Clean Edge ISE Global Wind Energy Index and is sponsored by First Trust Advisors L.P. See index components and learn more about our methodologies, up-to-date performance, and licensed products below.

facts Click above to access the ISE Clean Edge Global Wind Energy Index (GWE) Fact Sheet.

ISE Clean Edge Global Wind Energy Index Components  (Last updated September 2023)

TickerName
ANAAcciona SA
AERI3Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A.
AKHAker Horizons ASA
LNTAlliant Energy Corporation
AMSCAmerican Superconductor
ACAArcosa Inc
BKWBKW AG
BLXBoralex
CADLRCadeler A/S
9958Century Iron & Steel Industrial Co., Ltd.
1798China Datang Corp Renewable Power CO Ltd
658China High Speed Trnsmsn Eqpt Grp Co Ltd
916China Longyuan Power Group Corp Ltd
956China Suntien Green Energy Corp
CWENClearway Energy, Inc.
182Concord New Energy Group
297090CS Bearing Co. Ltd.
112610CS Wind Power
100130Dongkuk Structures & Construction
EDPEDP - Energias de Portugal SA
EDPREDP Renováveis S.A.
ENELEnel S.p.A.
EKTEnergiekontor AG
NETIEneti Inc.
ENGIEngie SA
ERGERG S.p.A.
GEGeneral Electric Company
2208Goldwind Science & Tech Co Ltd
GURNGurit Holding AG
HXLHexcel Corp
6501Hitachi, Ltd.
IBEIberdrola SA
INEInnergex Renewable Energy Inc.
NEOENNeoen
NEENextEra Energy Inc
NDX1Nordex SE
NPINorthland Power Inc
MEGA3Omega Energia S.A.
ORRONOrrön Energy AB
ORSTEDØrsted A/S
OCOwens Corning
OX2OX2 AB
PNE3PNE AG
PRYPrysmian SpA
RNWReNew Energy Global Plc
RWERWE AG
SGLSGL Carbon
ENRSiemens Energy AG
SKF-BSKF
44TTerna Energy
TKRThe Timken Co.
3402Toray Industries
TPICTPI Composites
18000Unison Co Ltd
VWSVestas Wind Systems A/S

constituents Click above to access our overview of all GWE Index constituents.

ISE Clean Edge Global Wind Energy Index Changes

As a result of the September 2023 evaluation and/or intraquarterly changes, the following securities were most recently added or removed from the index: 

Additions: Gurit Holding AG (Swiss: GURN), Orrön Energy AB (Stockholm: ORRON), and The Timken Co. (New York: TKR)

Deletions: Endesa S.A. (Madrid: ELE), Eolus Vind AB (Stockholm: EOLU.B), and TransAlta Renewables, Inc. (Toronto: RNW)

Historical changes are available here.

ISE Clean Edge Global Wind Energy Index Performance

Historical index performance is available here .

ISE Clean Edge Global Wind Energy Index Methodologies

Index Calculation

The ISE Clean Edge Global Wind Energy Index (GWE) (formerly the ISE Global Wind Energy Index) began on December 16, 2005 with a base value of 100.00.  Click here  to learn more.

Eligibility 

Eligible security types generally include common stocks, ordinary shares and depositary shares. 

Eligibility Criteria

To be eligible for inclusion in the Index, a security must meet the following criteria (see complete list of index screens by clicking on the Methdology link below:

  • For Pureplay constituents, the issuer of the security must be primarily engaged and involved actively in some aspect of the wind energy industry such as the development or management of a wind farm; the production or distribution of electricity generated by wind power; involvement in the design, manufacture, or distribution of machinery or materials designed specifically for the industry; as according to Clean Edge. For evaluation purposes we look for 50% or more of revenues and/or generating assets (energy capacity and/or production) to come from wind-related activities;
  • For Diversified constituents, the issuer of the security must be involved and engaged in some aspect of the wind energy industry such as the development or management of a wind farm; the production or distribution of electricity generated by wind power; involvement in the design, manufacture or distribution of machinery or materials designed specifically for the industry; as according to Clean Edge;
  • a minimum worldwide market capitalization of $100 million;
  • a minimum free float of 25%;
  • a minimum three-month average daily dollar trading volume (ADDTV) of $500 thousand;
  • have “seasoned” for at least three months on an index-eligible global exchange;
  • the issuer of the security may not have entered into a definitive agreement or other arrangement which would likely result in the security no longer being Index eligible; 
  • may not be issued by an issuer currently in bankruptcy proceedings

methodology Click above to access detailed GWE index methodology information.

Financial Products Based on the ISE Clean Edge Global Wind Energy Index  

The  First Trust Global Wind Energy ETF (FAN)  is based on the ISE Clean Edge Global Wind Energy Index (GWE) and is sponsored by First Trust Advisors L.P.

Disclaimer:
Nasdaq® is a registered trademark of Nasdaq, Inc. and Clean Edge® is a registered trademark of Clean Edge, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor Clean Edge, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed or other publicly listed companies or Nasdaq Clean Edge proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing.  ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.