Posts tagged ‘EDPR.LS’

Effective October 21, 2008 the RELEC and SOLAR indices were updated and rebalanced.  The recent steep declines in sustainable energy stocks (RELEC -58.7% YTD,  SOLAR -63.5% YTD) has resulted in the removal of a number of companies from these two Modified Market Capitalization indices. The removals were partially offset by addition of several companies that pass all Camino’s index screens.    For complete return information on the indices and a variety of comparables please visit our returns page.     

The RELEC index includes wholesale producers of electricity, and their equipment suppliers, using renewable energy sources, currently bio-waste, biomass, geothermal, hydro, ocean, solar, and wind.  Hanwei Energy Services Corporation (HE.TO), EarthFirst Canada Inc. (EF.TO), and Plambeck Neue Energien Ag (PNE3.DE) were removed from the index due to their market capitalization going below USD 100 million.   EDP Renovaveis (EDPR.LS) was added.    Currently 20 PurePlay(tm) companies headquarted in 11 countries are included in the index.

The SOLAR index includes companies pursuing business activities related to the end-use of solar energy by producing photovoltaics, conducting photovoltaic related activities, or producing end-use heat systems.  Ascent Solar Technologies, Inc. (ASTI), Akeena Solar, Inc. (AKNS), Centrosolar AG (C3O.DE), Day4 Energy Inc. (DFE.TO), Solar Integrated Technologies, Inc. (SIT.L), and Sunways AG Koblenz (SWW.DE) were removed from the index due to their market capitalization going below USD 100 million.   Motech Industries Inc. (6244.TWO) was added to the index.   Currently 31 PurePlay(tm) companies headquarted in 9 countries are included in the index.

Two new European IPOs launched in June adding to the number of publicly traded solar and wind companies.  The world’s forth largest wind producer, EDP Renovaveis (EDPR.LS) listed on the Lisbon Exchange on June 2, 2008.  Solar inverter producer SMA Solar Technologies AG (S92.F) listed in Franfort on June 26, 2008.  Both firms are now part of Camino’s ongoing coverage.

On the coverage loss side, one company was eliminated due to its acquision and one was discontinued due to bankruptcy.

The ASX formally suspended quotations for Babcock & Brown Environmental Investments (BEI.AX) on 5/16/08.  Babcock & Brown Environmental Investments Holdings Pty Ltd (Babcock & Brown) has acquired 97.88% of the shares in the company through its takeover offer announced in November 2007. Babcock & Brown has now commenced the process for compulsory acquisition of the outstanding shares by lodging notice (Form 6021) with the Australian Securities & Investments Commission.

On June 6, 2008, Distributed Energy Systems Corp. (DESC) received a Staff Determination Letter from The Nasdaq Stock Market (“Nasdaq”) indicating that, as a result of Distributed Energy Systems’ filing for protection under Chapter 11 of the U.S. Bankruptcy Code, Nasdaq has determined that Distributed Energy Systems’ securities will be delisted from Nasdaq in accordance with the discretionary authority granted to Nasdaq under Marketplace Rules 4300 and IM-4300.

Distributed Energy Systems does not intend to appeal this determination, and, as a result, trading of Distributed Energy Systems’ common stock will be suspended at the opening of business on June 17, 2008, and a Form 25-NSE will be filed with the Securities Exchange Commission to remove Distributed Energy Systems’ securities from listing and registration on Nasdaq.