New York, NY (PRWEB) March 10, 2010
The Ardour Global Alternative Energy Index℠ (TICKER: AGIGL) will add nine new components, effective 6:00 PM (ET) Sunday, March 21, 2010. No stocks will be deleted from the index, changing the number of index components to 134. The changes result from the quarterly rebalancing of the index.
Additions to AGIGL are: Pacific Ethanol Inc. (TICKER: PEIX US); China Highspeed Transmissions (TICKER: 658 HK); Coslight Technology International (TICKER: 1043 HK); Solartech Energy Corp. (TICKER: 3561 TT); China Hydroelectric (TICKER: CHC US); China Long Yuan Power Group Corp. (TICKER: 916 HK); Gintech Energy Corporation (TICKER: 3514 TT); Neo Solar Power Corp. (TICKER: 3576 TT); and Green Energy Technology Inc. (TICKER: 3519 TT).
A complete list of constituents and weights will be posted on the AGI family of alternative energy indexes website (http://ardour.snetglobalindexes.com/about_the_indexes.php ) as of the effective date.
The Ardour Global Alternative Energy Index℠ is a capitalization-weighted, float-adjusted index of the most prominent alternative energy stocks in the world. To be included in the AGIGL index, companies must be pure-play and the stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
The Ardour Global Index℠ (Extra Liquid) (TICKER: AGIXL), which contains a fixed number of 30 stocks, had two additions against two deletions. China Long Yuan Power Group Corp. (TICKER: 916 HK) and Gintech Energy Corp. (TICKER: 3514 TT) will replace Energy Conversion Devices Inc. (TICKER: ENER US) and Ormat Technologies Inc. (TICKER: ORA US).
The Index Committee today announced a change in index methodology relating to “Special Dividends” as follows: Any 'explicitly labeled' Special Dividend or any dividend larger than 10% of the equity price is considered a special dividend and requires a price and share adjustment to the company that issued the special dividend. The adjustment will be a market neutral event and will have no effect on the divisor.
Detailed index information, including constituent data, rules and price information, is available at http://www.ardourglobalindexes.com . Data is also available through most vendors of financial data.