New Index Tracks World's Solar Energy Stocks Benchmark for Emerging Growth Sector
The Ardour Solar Energy Index (Ticker: SOLRX) of 27 global solar energy stocks will commence real-time price dissemination on Monday, April 21.
New York, NY (PRWEB) April 18, 2008 -- The Ardour Solar Energy Index (Ticker: SOLRX) of 27 global solar energy stocks will commence real-time price dissemination on Monday, April 21. Data will be available through most data vendors. Dow Jones Indexes serves as calculation agent for the indexes.
SOLRX is a member of the Ardour family of alternative energy indexes, which serve as leading alternative energy industry benchmarks. Says Joseph LaCorte, Chairman of the SOLRX Index Committee, "Solar Energy is among the most vital growth segments of the world economy and this index offers an accurate way to measure industry performance."
The Ardour Solar Energy Index was designed to serve as a fair, impartial and transparent measure of the performance of the global solar energy industry. It includes stocks from 6 countries, including China, the United States and Germany. Companies included in the index must generate at least 66% of their total revenues from solar energy. Overall, the index derives well over 90% of its revenues from the industry, making it a true pure play on the sector.
Ardour Index Committee advisor, Walter Nasdeo commented, "Although we've seen the sector sell off over the first quarter after a strong run up last year, index companies continue to report record revenue and earnings growth." Demand for solar energy is driven by sky-rocketing energy prices and a growing global consensus to reduce carbon emissions. Nasdeo went on to state, "The industry is coming of age technologically at a time when many index companies are barely able to keep up with demand."
Global power demand is expected to rise by as much as 50% over the next decade, even as countries around the world enact new regulations to reduce carbon emissions by over 20% from current levels. This sets the stage for clean alternatives such as solar energy, which currently accounts for less than 1% of total global power output.
The Ardour Solar Energy Index has been licensed to financial services firms, who plan to offer listed investment and risk management products, including ETFs, on the index.
Detailed information, including constituent data, rules and price information, on the Ardour Solar Energy Index is available at www.adourglobalindexes.com.
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