Fifteen New Alternative Energy Stocks Added; Four Stocks Deleted from Ardour Global Index in Quarterly Rebalancing
New York (PRWEB) June 11, 2008 -- The Ardour Global Index (TICKER: AGIGL) will add fifteen new components, effective 6:00 PM (EST) Sunday, June 22. Four stocks will be deleted from the index, raising the number of index components to 128. The changes result from the index?s quarterly rebalancing. Many of the new components qualified for the index based on share price appreciation or Initial Public Offerings, which allowed them to pass the minimum market capitalization selection criteria. 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 the most prominent alternative energy stocks in the world. Eight of the fifteen additions are listed in the Americas, five are listed in Europe and two are listed in Asia.
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 one addition against one deletion. Renesola Ltd. (SOL) replaces AVX (AVX) to maintain the fixed 30-component index.
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.
Index: Ardour Global Index
Ticker: AGIGL
Index: Ardour Global Index Extra Liquid
Ticker: AGIXL
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