MV Index Solutions has launched a new hydrogen index called MVIS Global Hydrogen Economy Index (ticker: MVHTWO). The index is based on 26 companies operating in the hydrogen market, producing hydrogen and fuel cells, and being involved in hydrogen infrastructure.
The index encompasses four key sectors (industrials, materials, energy, consumer staples). One of the index inclusion criteria is that the company must generate at least 50% in one of the four sectors.
So far, all the companies in the index belong to 11 countries. The index is weighted by using free-float market capitalisation. It is calculated in the US dollar as a price and a total return net index.
Examining the index on 29th December 2020, H2 Bulletin found that Powerhouse Energy Group Plc was the best performer (up by 1,197.25%) year-to-date, and Mitsubishi Chemical Holdings was the worst performer (down by 18.40%) during the same period.