Business & Finance
Business and Finance
Business and Finance
Mon, March 28, 2011
Sun, March 27, 2011
Fri, March 25, 2011 MAC Global Solar Energy Stock Index Announces the Addition to the Index of Three Chinese Solar Companies and the Removal of One
CHICAGO, IL--(Marketwire - March 25, 2011) - MAC Global Solar Energy Index announces that that three stocks were added to the MAC Global Solar Energy Index as part of the regular quarterly index review process that took effect as of the close of business on March 18, 2011. These three companies are: GCL-Poly Energy Holdings Ltd, Trony Solar Holdings Co Ltd, and Daqo New Energy Corp. All three stocks were assigned a pure-play Exposure Factor of 1.0. One stock was removed from the index due to low market cap and liquidity: Evergreen Solar.
GCL-Poly Energy Holdings Ltd -- GCL-Poly, based in China and listed on the Hong Kong Stock Exchange, is China's largest polysilicon manufacturer and the world's largest silicon wafer manufacturer. By the end of November 2010, the company had annual solar wafer production capacity of 3.5 gigawatts and at the end of 2010 the company had annual polysilicon production capacity of 21,000 metric tons. For 2010, the company reported revenue of HK$18.47 billion (+274% y/y) and net profit of HK$4.02 billion. GCL-Poly in July 2010 was admitted as a constituent of the Hang Seng Mainland 100 Index. The company's web site is at [ http://www.gcl-poly.com.hk ].
Trony Solar Holdings Co Ltd -- Trony Solar, based in China and listed on the Hong Kong Stock Exchange, is the world's fourth largest thin film solar module manufacturers and China's largest off-grid solar PV product manufacturers, according to company information for 2009. The company as of the end of 2010 had annual production capacity of 145 megawatts. Trony's latest financial results for the 6 months ending December 31, 2010 showed revenue of RMB900.7 million (+53% y/y) and net profit of RMB261.9 million (+46%). The company's web site is at [ http://www.trony.com ].
Daqo New Energy Corp -- Daqo New Energy, based in China and having its ADS shares traded on the New York Stock Exchange, is one of China's largest polysilicon manufacturers with annual production capacity of 4,300 metric tons. Daqo is moving toward vertical integration and also sells solar wafers and solar modules. The company, for the full year of 2010, reported polysilicon shipments of 3,650 metric tons (+144% y/y), $242.7 million in revenues (+118% y/y), and net profit of $69.1 million (+131%). The company's web site is at [ http://www.dqsolar.com ].
MAC Global Solar Energy Index (SUNIDX) is licensed to Guggenheim Funds Distributors, Inc. as the tracking index for the Guggenheim Solar ETF (
More information on the MAC Solar Index is available at [ http://www.macsolarindex.com ].
