Index Details

MAC Solar Index Methodology

  • Global passive solar energy index of qualified solar stocks listed on specified exchanges in specified countries.
  • Modified market cap weighting.
  • Diversified solar index including all solar technologies (crystalline and thin-film photovoltaic solar and solar thermal), the entire value chain (raw materials, manufacturing, installers, solar plant operations, financing, etc), and related solar equipment such as power inverters, encapsulates, etc.
  • Liquidity minimums for initial inclusion in the index include at least $250 million of float-adjusted market cap and $750,000 of 3-month average daily trading value as of the quarterly refererence date.
  • Pure-play solar stocks (solar revenue above 2/3) have an Exposure Score of 1.0; Medium-Play stocks (solar revenue between 1/3 and 2/3) have an Exposure Score of 0.5, which cuts their raw index weighting by half.
  • Quarterly index review takes effect after the third Friday of March, June, Sep, Dec.
  • Click here for a more detailed index methodology description.

Calculated and Administered by S&P Dow Jones Indices

INDEX PERFORMANCE

1-month +11.5%
3-month +30.7%
Year-to-date +10.0%
1-year -6.1%
2-year (CAGR) +27.6%
5-year (CAGR) +30.7%
As of: 8/5/22

INDEX DATA

Index Inception 31-Mar-2008
Number of Securities 45
Market Cap Weighting Method Modified Market Cap
Index Type Net Total Return Index
Median Market Capitalization $1.6 billion

GEOGRAPHICAL BREAKDOWN BY COMPANY HEADQUARTERS

Asia 20
EMEA 13
North America 12
Total 45
headquarters

GEOGRAPHICAL BREAKDOWN BY PRIMARY EXCHANGE LISTING

North America 18
Asia 15
EMEA 12
Total 45
Exchange-Listing

BREAKDOWN BY STOCK CURRENCY

USD 18
HKD 8
EUR 6
TWD 4
ILS 4
JPY 2
KRW 1
NOK 1
CHF 1
Total 45
Stock-Currency

TOP INDEX SECTOR WEIGHTINGS

Renewable Electricity 18
Information Technology 17
Industrials 8
Materials 1
REIT 1
Total 45
sector-weighting

TOP INDEX CAPITALIZATION WEIGHTINGS

Large Cap (>$5 bln) 6
Mid Cap ($1-5 bln) 26
Small Cap (<$1bln) 13
Total 45
market-cap