New York (PRWEB) December 14, 2006
The Ardour Global (TICKER: AGIGL) Index will add 2 new components, effective 6:00 PM (EST) Sunday, December 17. Ten stocks will be deleted from the index. The changes result from the indexs semi-annual reconstitution. A complete list of constituents and weights will be posted on the Ardour web site, (http://www.ardourglobalindexes.com/indexes_agi.php).
The Ardour Global Index is a capitalization-weighted, float adjusted index of 81 of the most prominent alternative energy stocks in the world.
The significant new component, the $ 4.6 billion market capitalization Suntech Power Holdings Co. Ltd., is based in China, although its shares trade in ADR form on the New York Stock Exchange. The second addition is Renova Energy PLC, a UK company. Many of the recent additions to the Ardour Global Index are foreign companies and more foreign stocks are expected to be added to the index in the future.
Ten stocks were deleted from the index for failing to pass either capitalization or liquidity screens. Nearly 200 pure play alternative energy stocks from around the world were screened against multiple criteria for inclusion in the index. To be included in the 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 seven additions against seven deletions. The high turnover was largely the result of a rule change that set higher standards for market capitalization. As a result of the reconstitution the market capitalization of the AGIXL will rise to $ 80.5 billion. Important additions to the AGIXL were the $ 8.8 billion market capitalization Norwegian stock, Renewable Energy Corp., and the $ 4.6 billion market capitalization Chinese company, Suntech Power Holdings, Co., Ltd.
Additions to the Ardour Global Index
China — New York Stock Exchange — Suntech Power Holdings Co. Ltd. ADS — STP
United Kingdom — London Stock Exchange — Renova Energy PLC — lLRVA
Additions to the Ardour Global Index Extra Liquid
Norway — Oslo Stock Exchange — Renewable Energy Corp. ASA — eoREC
China — New York Stock Exchange — Suntech Power Holdings Co. Ltd. ADS — STP
United Kingdom — London Stock Exchange — Chloride Group PLC — lLCHLD
United States — NASDAQ NMS — Power-One Inc. — PWER
Taiwan — Gre Tai Securities Market — E-Ton Solar Tech. Co. Ltd — jq3452
United States — New York Stock Exchange — Aventine Renewable Energy Holdings Inc. — AVR
United Kingdom — London Stock Exchange — Clipper Windpower PLC — lLCWP
Deletions to the Ardour Global Index
Australia — Australian Renewable Fuels Ltd. — jXARW
Canada — Azure Dynamics Corp. — TAZD
United Kingdom — Biofuels Corp. PLC — lLBFC
Germany — Centrosolar AG — eiC3O
Singapore — GP Batteries International Ltd. — jCG08
Australia — Geodynamics Ltd. — jXGDY
United States — O2Diesel Corp. — OTD
Canada — Railpower Technologies Corp. — TP
Germany — Schmack Biogas AG — eiSB1
United Kingdom — Solar Integrated Technologies Inc. — lLSIT
Deletions to the Ardour Global Index Extra Liquid
Canada — ATS Automation Tooling Systems Inc. — TATA
United Kingdom — AgCert International PLC — lLAGC
United States — Capstone Turbine Corp. — CPST
United States — Distributed Energy Systems Corp. — DESC
United States — O2Diesel Corp. — OTD
United States — Plug Power Inc. — PLUG
Taiwan — Topco Scientific Co. Ltd. — jJ5434
Detailed information, including constituent data, rules and price information, on the AGI family of alternative energy indexes is available at http://www.ardourglobalindexes.com. Data is also available through most vendors of financial data.
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