Ardour Global Alternative Energy Index

Ardour Global Indexes, LLC runs numerous stock indexes, which model various groups of alternative energy companies. The five different indexes divide alternative energy companies into different global regions, as well as one index that models solar energy companies. The Ardour Global Composite Index is the largest, composed of 125 different companies. The rest of the indexes are broken down in to smaller regional sectors. The balancing of the index is based on the market size of the company. Some big names in the index include Vestas Wind Systems, First Solar, and SunPower.

The composite index is composed of companies in the following industries with a few examples given in each:

-Alternative Energy
Solar, wind, biofuel
-Distributed Generation
Fuel cells, diesel engines
-Environmental Technology
Clean coal, water treatment
-Energy Efficiency
Lighting, Energy recycling
-Enabled Technologies
Advanced materials, superconductors

The gamut of industries in the index is general indicator for the alternative energy industry as a whole. This is one of the few, if not the only index specifically tailored to model the growth of alternative energy. The composite index includes all companies dealing in the previously mentioned categories that have a large enough market capitalization. The sub-indices go through rebalancing where companies are added and removed to ensure accuracy. Ardour claims an unbiased approach and maintains independence when analyzing companies. The index will be an interesting tool to track the growth of alternative energy over the next few years. One can also invest in the index as a whole under the symbol GEX, which is an Exchange Traded Fund (ETF) run by VanEck.

More information on the Ardour indexes can be found at:

http://ardour.snetglobalindexes.com/