Index Details

MAC Solar Index Methodology

  • Global passive solar energy index of qualified solar stocks listed on exchanges in developed 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 $150 million market cap and $750,000 in 1-month average daily trading value.
  • Pure-play solar stocks (solar revenue above 2/3) have an Exposure Factor of 1.0; Medium-Play stocks (solar revenue between 1/3 and 2/3) have an Exposure Factor of 0.5, which cuts their index weighting by half.
  • Quarterly index review on third Friday of March, June, Sep, Dec.
  • Click here for a more detailed index methodology description.

Calculated by S&P Dow Jones Indicies

thumbnail

INDEX PERFORMANCE

1-month -2.9%
3-month +4.2%
Year-to-date -14.6%
1-year +94.2%
2-year (CAGR) +70.7%
5-year (CAGR) +33.1%
As of: 7/30/21

INDEX DATA

Index Inception 31-Mar-2008
Number of Securities 46
Market Cap Weighting Method Modified Market Cap
Index Type Net Total Return Index
Median Market Capitalization $1.8 billion

GEOGRAPHICAL BREAKDOWN BY COMPANY HEADQUARTERS

Asia 20
EMEA 14
North America 12
Total 46
headquarters

GEOGRAPHICAL BREAKDOWN BY PRIMARY EXCHANGE LISTING

North America 18
Asia 15
EMEA 13
Total 46
Exchange-Listing

BREAKDOWN BY STOCK CURRENCY

USD 18
EUR 7
HKD 7
TWD 5
ILS 4
JPY 2
KRW 1
NOK 1
CHF 1
Total 46
Stock-Currency

TOP INDEX SECTOR WEIGHTINGS

Renewable Electricity 18
Information Technology 18
Industrials 8
Materials 1
REIT 1
Total 46
sector-weighting

TOP INDEX CAPITALIZATION WEIGHTINGS

Large Cap (>$5 bln) 7
Mid Cap ($1-5 bln) 23
Small Cap (<$1bln) 16
Total 46
market-cap