SolarWorld AG is one of three solar companies to be admitted to the new Deutsche Brse DAXglobal Alternative Energy Index.
The DAXglobal Alternative Energy Index (ISIN DE000A0C4B67) tracks the 15 largest companies worldwide in the areas of natural gas, wind energy, solar energy, ethanol and geothermal energy. Within the index, the five sectors are weighted with 20 per cent each, each containing three companies. To be included in the index, companies must be at the top of their business segment in terms of market capitalization and average trading volume.
“The strategy of vertical integration along the entire solar value chain has propelled us to the top,” says Frank Asbeck, Chairman and CEO of SolarWorld AG. “With our strong growth in sales and earnings SolarWorld AG represents the German solar industry in this international index.”
The three solar companies in the index are: Motech Industries Inc./Taiwan, Tokuyama Corp./Japan, and SolarWorld AG/Germany.
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