While 2008 reduced the number of renewable electricity companies passing Camino’s PurePlay screens, there are still sufficient companies to permit construction of a modified market cap weighted index. Effective January 30, Plutonic Power (PCC.TO) and Novera Energy (NVE.L) were removed from the index due to their market cap falling below USD 100 million. Two companies, Terna Energy (44T.SG) and Fersa Energia (FRS.MC) were added. The index continues to have 20 names with a combined market cap of USD 53 billion.
Posts tagged ‘NVE.L’
Camino has reconstituted and rebalanced its PurePlay indices effective March 29, 2008.
Solar: Two companies, centrotherm (CTN.DE) and Day4 Energy (DFE.TO) were added. DayStar (DSTI) was removed due to its decreased market cap.
Renewable Electricity: Five companies, Ibedrola Renovalbles (IBR.MC), Goldwind (002202.SZ), Hanwei (HE.TO), Novera (NVE.L), and EarthFirst (EF.TO) were added. Repower (RPW.DE) was removed due to its control by Suzlon.
Biofuels: US BioEnergy (USBE) was removed due to its acquisition by VeraSun (VSE).
Fuel Cells: No changes were made to the constituents.