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

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INDEX PERFORMANCE

1-month -2.8%
3-month +45.7%
Year-to-date +7.8%
1-year +173.4%
2-year (CAGR) +115.7%
5-year (CAGR) +38.6%
As of: 2/19/21

INDEX DATA

Index Inception 31-Mar-08
Number of Securities 30
Market Cap Weighting Method Modified Market Cap
Index Type Net Total Return Index
Median Market Capitalization $3.2 billion

GEOGRAPHICAL BREAKDOWN BY COMPANY HEADQUARTERS

North America 11
Asia 11
Europe 8
Total 30
headquarters

GEOGRAPHICAL BREAKDOWN BY PRIMARY EXCHANGE LISTING

North America 16
Asia 6
Europe 8
Total 30
Exchange-Listing

BREAKDOWN BY STOCK CURRENCY

USD 16
EUR 6
HKD 4
NOK 1
JPY 2
CHF 1
Total 30
Stock-Currency

TOP INDEX SECTOR WEIGHTINGS

Information Technology 13
Industrials 3
Renewable Electricity 13
REIT 1
Total 30
sector-weighting

TOP INDEX CAPITALIZATION WEIGHTINGS

Large Cap (>$5 bln) 7
Mid Cap ($1-5 bln) 18
Small Cap (<$1bln) 5
Total 30
market-cap