PJM
It was another underwhelming week for the stock markets, with the broad markets and broad clean energy indices all losing ground over the five days.
The only strongly positive clean energy sector was wind power and technology, with the EnergyBoom Wind Subindex (E•B Wind) increasing 1.35% and the First Trust Global Wind Energy ETF (FAN) climbing 0.90%. Biggest loser was the solar power and technology sector, with the EnergyBoom Solar Subindex (E•B Solar) falling 7.34% and the Guggenheim Solar ETF (TAN) dropping 6.27%.
Shares of power demand response managers EnerNOC, Inc. (NASDAQ: ENOC) (market cap $588 million) and Comverge, Inc. (NASDAQ: COMV) (market cap $106 million) were trading up 27% and 7% respectively at midday on news released Friday by grid operator PJM Interconnection that demand response services would be an important part of its capacity in the June 2014 through May 2015 period.
