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Seven New Alternative Energy Stocks Added; Three Stocks Deleted from Ardour Global Alternative Energy Index in Quarterly Rebalancing

Stuart Smith (September 9th, 2009) Writes:

NEW YORK, Sept. 9 /PRNewswire/ — The Ardour Global Alternative Energy Index(SM) (TICKER: AGIGL) will add seven new components, effective 6:00 PM (EDT) Sunday, September 20, 2009. Three stocks will be deleted from the index, changing the number of index components to 113. The changes result from the quarterly rebalancing of the index.

Additions to AGIGL are: Ballard Power Systems Inc. (TICKER: BLD CN); UQM Technologies Inc. (TICKER: UQM US); US Geothermal Inc (TICKER: HTM US); Rino International Corp. (TICKER: RINO US); OPCON AB (TICKER: OPCO SS); Franklin Electric (TICKER: FELE US) and Green Plains Renewable Energy (TICKER: GPRE US).

The deletions from AGIGL are: Conergy AG (TICKER: CGY GR); Ocean Power Technologies (TICKER: OPTT US) and Plug Power Inc. (TICKER: PLUG US).

A complete list of constituents and weights will be posted on the AGI family of alternative energy indexes web site, (http://ardour.snetglobalindexes.com/about_the_indexes.php).

The Ardour Global Alternative Energy Index(SM)

...

Global Hunter’s Justin Cable Weighs in on Ocean Power (Nasdaq:OPTT)

Small Cap Pulse (December 15th, 2008) Writes:
December 15, 2008 ndash; Analyst Comments ndash; Global Hunterrsquo;s Jason Cable weighed in on Ocean Power Technologies (Nasdaq:OPTT), downgrading the stock to NEUTRAL after the company reported quarterly results below expectations and amidst poor visibility. Last week Ocean Power released Q2 financial results: middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Revenues for Q2 were $667 thousand, down from $1.6 million, and net loss was $6.1 million or $0.60 per share, as opposed to a net loss of $1.8 million, or $0.18 per share last year. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Revenues for the six months ended October 31, 2008 were $2. 5million, compared to $2.2 million for the same period last year, while net loss was $10 million, compared to a net loss of $4.3 million last year. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Contract order backlog increased to $8 million, from $3.7 million at the end of the previous quarter. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Cash amp; cash equivalents were $89.6 million at October 31, 2008. Cable was ...

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