The Ardour Solar Energy Index (Ticker: SOLRX) of 27 global solar energy stocks begins real-time price dissemination today. Data will be available through most data vendor, and Dow Jones Indexes serves as calculation agent for the index.
A similar index launched just over a week ago, to cover the sector, which is currently the hottest in the renewable energy industry.
SOLRX is a member of the Ardour family of alternative energy indexes.
The Ardour Solar Energy Index 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.
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."
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.
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