Seven New Alternative Energy Stocks Added; Three Stocks Deleted from Ardour Global Alternative Energy Index in Quarterly Rebalancing
Posted on: Wednesday, 9 September 2009, 02:20 CDT
NEW YORK, Sept. 9 /PRNewswire/ -- The Ardour Global Alternative Energy Index(SM) (TICKER: AGIGL) will add seven new components, effective 6:00 PM (EDT) Sunday, September 20, 2009. Three stocks will be deleted from the index, changing the number of index components to 113. The changes result from the quarterly rebalancing of the index.
Additions to AGIGL are: Ballard Power Systems Inc. (TICKER: BLD CN); UQM Technologies Inc. (TICKER: UQM US); US Geothermal Inc (TICKER: HTM US); Rino International Corp. (TICKER: RINO US); OPCON AB (TICKER: OPCO SS); Franklin Electric (TICKER: FELE US) and Green Plains Renewable Energy (TICKER: GPRE US).
The deletions from AGIGL are: Conergy AG (TICKER: CGY GR); Ocean Power Technologies (TICKER: OPTT US) and Plug Power Inc. (TICKER: PLUG US).
A complete list of constituents and weights will be posted on the AGI family of alternative energy indexes web site, (http://ardour.snetglobalindexes.com/about_the_indexes.php).
The Ardour Global Alternative Energy Index(SM) is a capitalization-weighted, float-adjusted index of the most prominent alternative energy stocks in the world. To be included in the AGIGL index, companies must be pure-play and the stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
The Ardour Global Index(SM) (Extra Liquid) (TICKER: AGIXL), which contains a fixed number of 30 stocks, had two additions against two deletions. Trina Solar (TICKER: TSL US) and EDF Energies Nouvelles (TICKER: EEN FP) will replace Esco Technologies (TICKER: ESE US) and Evergreen Solar Inc. (TICKER: ESLR US).
In addition, the Ardour Global Alternative Energy Index Committee has announced a rule change, effective Friday September 18, 2009. To conform with UCITs requirements, the maximum weight cap of individual stocks within the Ardour Global Alternative Energy Index Family will be reduced from 20% to 10%.
Detailed information, including constituent data, rules and price information, on the AGI family of alternative energy indexes is available at www.ardourglobalindexes.com. Data is also available through most vendors of financial data.
Walter Nasdeo Ardour Capital Investments, LLC 212-375-2958 Joseph LaCorte Ardour Global Indexes, LLC 646-467-7927 jlacorte@snetworkllc.comSOURCE Ardour Global Alternative Energy Index
Source: PR Newswire
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