Two New Alternative Energy Stocks Added to Ardour Global Index in Semi-Annual Reconstitution

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Seven New Stocks in AGI Extra Liquid

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 index’s semi-annual reconstitution. A complete list of constituents and weights will be posted on the Ardour web site, (

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 Data is also available through most vendors of financial data.


Ardour Global Index (Ticker: AGIGL)

Ardour Global Index Extra Liquid (Ticker: AGIXL)

Index Info:                

Walter Nasdeo

Ardour Capital Investments, LLC


Joseph LaCorte

Ardour Global Indexes, LLC


Alternative Energy Info:                    

Brian Greenstein

Ardour Capital Investments, LLC


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