New York (PRWEB via PRWebDirect) May 15, 2006 -- The Ardour Global Index (Ticker: AGIGL) of 74 global alternative energy stocks posted a 41.77% gain on the year as of May 15. The strong performance is a reflection of heightened investor interest in the sector caused by rising oil prices, security concerns and environmental issues, as well as improving company fundamentals.
The AGI is a comprehensive, impartial and rules based measure of leading alternative energy stocks from around the world. Says Walter Nasdeo, Consulting Analyst to Ardour Global Indexes, “Since the beginning of the year, the sector has really taken off, especially in Europe.”
The AGI Europe (Ticker: AGIEM), a sub-index of the AGI that tracks 26 European alternative energy stocks, has risen over 73%, compared to a rise of only 10% for the North American sub-index (Ticker: AGINA) of 44 stocks.
Nasdeo cautions, “This performance is certainly impressive, but the sector has gone through some rough patches in the past.” Indeed, following the technology downturn in 2000, the AGI lost over half its value.
Year to Date Performance:
Index
Ticker
Value (5/15/06)
Change YTD
Ardour Global Index
AGIGL
USD 2,365.33
+41.77%
AGI North America
AGINA
USD 1,970.31
+10.04%
AGI Europe
AGIEM
USD 3,166.83
+73.54%
Complete information about the Ardour family of global alternative energy indexes is available at www.ardourglobalindexes.com.
Ardour Global Indexes will be introduced at the NY Alternative Energy Forum on May 17. Conference details at www.publicinvest.org. Qualified media admitted free of charge.
Index Info:
Joseph LaCorte
Ardour Global Indexes, LLC
646-467-7927
Walter Nasdeo
Ardour Capital Investment, LLC
212-375-2958
Alternative Energy Info:
Brian Greenstein
Ardour Capital Investments
212-375-2956
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