New York, NY (PRWEB) March 10, 2010
The Ardour Solar Energy Index℠ (TICKER: SOLRX) will add four new components, effective 6:00 PM (ET) Sunday, March 21, 2010. No stocks will be deleted from the index, changing the number of index constituents to 33. The changes result from the quarterly rebalancing of the index.
The additions to SOLRX are:
Solartech Energy Corp. (TICKER: 3561 TT)
Gintech Energy Corp. (TICKER: 3514 TT)
Neo Solar Power Corp. (TICKER: 3576 TT)
Green Energy Technology Inc. (TICKER: 3519 TT)
A complete list of constituents and weights will be posted on the AGI index family website (http://ardour.snetglobalindexes.com/about_the_indexes.php ) as of the effective date.
The Ardour Solar Energy Index℠ is a capitalization-weighted, float-adjusted index of the most prominent solar energy stocks in the world. To be included in the SOLRX index, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
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 information, including constituent data, rules and price information, on the Ardour Solar Energy Index℠ and other members of the AGI family of alternative energy indexes is available at http://www.ardourglobalindexes.com . Data is also available through most vendors of financial data.
Index: Ardour Solar Energy Index℠ (USD) TICKER: SOLRX
Index: Ardour Solar Energy Index℠ (EUR) TICKER: SOLRE