By Market News Video Staff, Thursday, February 24, 3:41 PM ET
Polypore International (NYSE:PPO) was one of the biggest gainers on the NYSE on Thursday after it reported fourth quarter earnings that beat analysts’ estimates by 27%. Volume on the battery component manufacturer was more than two times its 65-day average of 546,809, as shares of Polypore rose over 17% to a new 52-week high of $58.70 during the trading session.
The Powershares WilderHill Clean Energy Portfolio (AMEX:PBW) advanced 0.88% to $10.70 following Polypore’s performance. Other top holdings of the fund include Universal Display Corp (NASDAQ:PANL) and Yingli Green Energy (NYSE:YGE), which gained 4.29% and 3.02%, respectively.
Not to go unnoticed is that First Solar Inc (FLSR), which makes up about 3% of the fund’s holdings, is set to report earnings after the bell. Given that the majority of solar manufacturers have far surpassed expectations during this earnings season, shares of the world’s leading manufacturer of solar panels traded higher by 1.23% to $165.03.
For a complete list of holdings, visit the PBW Holdings page on ETFChannel.com
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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