Ardour Global Index rebalances

By | March 27, 2007
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As a result of a semi-annual reconstitution, two stocks were added and 10 were deleted from the Ardour Global Index (AGI), a capitalization-weighted, float-adjusted index of 81 alternative energy stocks. Over 200 stocks were screened against multiple criteria for inclusion in the index. One addition is Renova Energy plc, a United Kingdom-based company that owns current ethanol producer Wyoming Ethanol. The deleted stocks include Australian Renewable Fuels Ltd., Biofuels Corp. plc and O2Diesel Corp. The AGI Extra Liquid Index, which has 30 stocks, had seven additions and seven deletions. Of these, Aventine Renewable Energy Holdings Inc. was added and O2Diesel Corp. was deleted. The company plans to rebalance the indexes again at the end of this quarter.