Eleven New Alternative Energy Stocks Added to Ardour Global Index in Quarterly Rebalancing
New York, NY (PRWEB) September 19, 2007 -- The Ardour Global Index (TICKER: AGIGL) will add eleven new components, effective 6:00 PM (EST) Sunday, September 23. Six stocks will be deleted from the index, raising the number of index components to ninety-eight. The changes result from the index's quarterly rebalancing, which allows for rapid inclusion of recent IPOs. A complete list of constituents and weights will be posted on the Ardour web site, (www.ardourglobalindexes.com/indexes_agi.php).
The Ardour Global Index is a capitalization-weighted, float adjusted index of 98 of the most prominent alternative energy stocks in the world.
Seven of the current additions are listed in the US, two are listed in Europe, one in Australia and one is listed in Canada. Of the US listed components, three are based in China. The changes added a net $12.5 billion in market cap to the index.
To be included in the AGIGL index stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
The AGI Extra Liquid Index (TICKER: AGIXL), which contains a fixed number of 30 stocks, had four additions against four deletions. Three significant recent IPOs were added to the index: LDK Solar, a Chinese manufacturer of multicrystalline solar wafers; Solaria Energia Y Medio Ambi, a Spanish manufacturer of solar collectors; and Yingli Green Energy Holdings, a Chinese manufacturer of PV modules. In addition, Chinese solar cell manufacturer, JA Solar Holdings, was also added.
Walter Nasdeo
Ardour Capital Investments, LLC
212-375-2958
Joseph LaCorte
Ardour Global Indexes, LLC
646-467-7927
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