25 October 2007
RENIXX Heavy Weights: The market value of renewable energy companies increasingly often reaches the DAX Index level
Münster - Strong growth in global markets due to high demand for renewable energy system technology and discussions on climate change is driving up the value of listed companies in the renewable energy sector to new heights. According to a recent study by the International Economic Platform for Renewable Energies (IWR) in Münster, eight of the 30 international companies listed on the RENIXX World Index (Renewable Energy Industrial Index) have a market capitalization equal to or higher than the current lowest DAX value, the TUI AG with EUR 4.9 billion (closing price: 10/24/2007).
Leading the international RENIXX ranking is the Renewable Energy Corporation (REC), a Norwegian solar energy company with a market value of EUR 15.6 billion, which is higher than DAX companies such as Linde AG (EUR 14.6 billion) or Continental (EUR 14.1 billion). In second place is the Danish wind turbine manufacturer Vestas, whose market value of EUR 10.9 billion exceeds both Lufthansa (EUR 9.3 billion) and the Deutsche Postbank (EUR 8.1 billion). Coming in at third place is the Spanish wind turbine manufacturer Gamesa (EUR 7.8 billion), a RENIXX company currently valued higher than the DAX-listed Infineon (EUR 7.6 billion). Gamesa is followed by First Solar (EUR 7.3 billion) and Sunpower (EUR 6.4 billion), two RENIXX solar energy companies based in the USA. The German solar energy group Q-Cells AG (EUR 6.3 billion) is now neck and neck with Henkel (EUR 6.3 billion). The Chinese company Suntech Power (EUR 5.0 billion) is listed higher than TUI AG (EUR 4.9 billion), which has the same market value as the SolarWorld Group (EUR 4.9 billion).
RENIXX World also managed to pass the 1,600-point mark for the first time ever yesterday, but was unable to maintain that level by the end of the day (closing price on 10/24/2007: 1589.56 points). Based on closing prices, the stock index for renewable energy has thus increased by around 72 percent since the beginning of the year (925.61 points).
RENIXX World online:
http://www.renewable-energy-industry.com/stocks
Münster, 25 October 2007
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