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SUNIDX Quarterly Reviews and ChangesMAC Solar Index December 2011 Quarterly Review Changes MAC Indexing, LLC announces that three stocks were removed from the MAC Global Solar Energy Index (ticker: SUNIDX) as part of the regular quarterly index review process that took effect as of the close of business on December 16, 2011: Energy Conversion Devices (ENER US), PV Crystalox Solar (PVCS LN), and Solar Millennium (S2M GR). No other changes were made to the index. MAC Solar Index September 2011 Quarterly Review Changes MAC Indexing, LLC announces that one stock was removed from the MAC Global Solar Energy Index (ticker: SUNIDX) as part of the regular quarterly index review process that took effect as of the close of business on September 16, 2011: Roth & Rau (R8R: GR). Roth & Rau was removed due to its acquisition by Meyer Burger Technology (MBTN: SW), another component stock of the MAC Solar Energy Index. No other changes were made to the index. MAC Solar Index June 2011 Quarterly Review Changes June 20, 2011 - MAC Indexing, LLC announces that there were no changes to the constituent stock list for the MAC Global Solar Energy Index (ticker: SUNIDX) as part of the regular quarterly index review process that took effect as of the close of business on June 17, 2011. MAC Solar Index March 2011 Quarterly Review Changes March 21, 2011 - MAC Indexing, LLC announces that three stocks were added to the MAC Global Solar Energy Index (ticker: SUNIDX) as part of the regular quarterly index review process that took effect as of the close of business on March 18, 2011: GCL-Poly Energy Holdings Ltd (3800 HK), Trony Solar Holdings Co Ltd (2468 HK), and Daqo New Energy Corp (DQ US). 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 (ESLR US). GCL-Poly Energy Holdings Ltd (3800 HK) - 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 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 (2468 HK) - Trony Solar, based in China and listed on the Hong Kong Stock Exchange, is the world's fourth largest thin film module manufacturers and China's largest off-grid PV product manufacturers, according to company information for 2009. The company as of the end of 2010 had annual production capacity of 145 MW. 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 (DQ US), 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 some wafers and 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 Solar Index December 2010 Quarterly Review Changes December 21, 2010 - MAC Indexing, LLC announces that two stocks were added to the MAC Global Solar Energy Index (ticker: SUNIDX) as part of the regular quarterly index review process that took effect as of the close of business on December 17, 2010: Power-One Inc. (PWER US) and Amtech Systems Inc. (ASYS US). Both 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: Solon SE (S001 GR). Power-One Inc (Nasdaq: PWER US) is the world's second largest manufacturer of inverters for the solar industry. In Q3-2010, Power-One shipped 867 megawatts of inverters (bringing the year-to-date figure to 1.7 gigawatts), earned revenue of $314 million (+214% y/y), and produced net income of $63 million and diluted EPS of $0.40 per share. The company's web site is at www.power-one.com. Amtech Systems Inc (Nasdaq: ASYS US) is one of the market leaders in solar diffusion and is rapidly becoming a technology turnkey supplier to the diffusion, PSG, and PECVD markets. Amtech in 2008 had the world's largest market share at 39% in the diffusion furnace market ahead of Centrotherm at second with a 33% share. Amtech on November 15, 2010 reported record fiscal Q4 net revenue of $45.5 million (+5% q/q and +288% y/y), net income of $5.4 million or $0.58 per diluted share, and a quarter-end order backlog of $94 million. The company's web site is at www.amtechsystems.com MAC Solar Index September 2010 Quarterly Review Changes September 21, 2010 – MAC Indexing, LLC announces that two stocks were added to the MAC Global Solar Energy Index (ticker: SUNIDX) as part of the regular quarterly index review process that took effect as of the close of business on September 17, 2010: Satcon Technology Corp (SATC US) and JinkoSolar (JKS US). Both stocks were assigned a pure-play Exposure Factor of 1.0. There were no other changes to the index.
Satcon Technology Corp (Nasdaq: SATC US) is a major manufacturer of inverters for the solar industry based in Boston, Massachusetts. The company at present sells virtually its entire product output into the solar market, according to a company spokesperson. Inverters are used to convert the direct-current (DC) electricity produced by solar modules into the alternating-current (AC) that is used by the grid. The company has a market share in the North American solar inverter market of more than 50% and also sells a significant percentage of its product into the European and Asian markets. The company intends to expand its production capacity to 1 gigawatt (GW) this year and to 1.75 GW in 2011. The company in the latest reporting quarter of Q2-2010 reported sales of $27.6 million, gross margin of 21%, an EPS loss of 12 cents, and a backlog of $84 million. The company provided guidance for Q3-2010 of $43-47 million in sales and a gross profit margin of mid-to-high 20's for Q3 and in the low-to-mid 30's for Q4. The company's web site is at http://www.satcon.com. p>JinkoSolar Holding Company (NYSE: JKS US) is a major integrated producer of silicon wafers, solar cells and modules based in Jiangxi, China. The company conducted its $64 million IPO on May 13, 2010. The company recently reported that its production capacity is currently 400 megawatts (MW) of silicon ingots, 400 MW of silicon wafers, 300 MW of solar cells, and 300 MW of solar modules. In the latest reporting quarter of Q2-2010, the company sold 99.9 MW of solar products, up 20.4% q/q and +190.4% y/y. The company reported Q2 revenue of $133 million (+64.1% q/q and +307.1% y/y), gross profit margin of a record 26.9%, net income of $26.6 million, and fully diluted earnings per ADR of $1.39. The company's web site is at http://www.jinkosolar.com.MAC Solar Index June 2010 Quarterly Review Changes June 21, 2010 – MAC Indexing, LLC, as part of the regular quarterly index review, announces that there were no changes made in the constitutents of the MAC Global Solar Energy Index (ticker: SUNIDX) as of the close of business on Friday, June 18, 2010. MAC Solar Index March 2010 Quarterly Review Changes March 23, 2010 – MAC Indexing, LLC, as part of the regular quarterly index review, announces that the following changes were made in the MAC Global Solar Energy Index (ticker: SUNIDX) as of the close of business on Friday, March 19: STR Holdings Inc (Bloomberg ticker: STRI) was added to the Index with a medium-play Exposure Factor of 0.5. Connecticut-based STR Holdings has traded on the NYSE since its IPO on November 6, 2009. STR Holdings obtains just over 50% of its revenue from its solar products. STR Holdings is the largest global producer of encapsulants for the photovoltaic (PV) module industry with a global market share of about 35%. The company in the past decade has produced compounded annual growth of 24% in revenue and 33% growth in EBITDA. The company's web site is at http://www.strholdings.com. MAC Solar Index September 2009 Quarterly Review Changes September 21, 2009 – MAC Indexing, LLC, as part of the regular quarterly index review, announces that the following changes were made in the MAC Global Solar Energy Index (ticker: SUNIDX) as of the close of business on Friday, September 18: Solar Millennium AG (Bloomberg ticker: S2M GR) was added to the index with an Exposure Factor of a pure play 1.0. Solar Millenium AG, based in Erlangen, Germany, focuses on the construction of solar thermal power plants. The company has approximately 200 employees and management is expecting sales of approximately 150 million euros and EBIT of 30 million euros in fiscal 2008/09. The company's web site is at http://www.solarmillennium.de. MAC Solar Index June 2009 Quarterly Review Changes June 22, 2009 – MAC Indexing, LLC announced that the following changes were made in the MAC Global Solar Energy Index effective prior to the opening of trading on June 22, 2009. Three stocks were added to the index, each with a pure-play exposure factor of 1.0: Solargiga Energy Holdings (Bloomberg ticker: 757 HK), PV Crystalox Solar PLC (PVCS LN), and Phoenix Solar AG (PS4 GR). No stocks were removed from the index. MAC Solar Index March 2009 Quarterly Review Changes March 23, 2009 – MAC Indexing, LLC announced that the following changes were made in the MAC Global Solar Energy Index effective prior to the opening of trading on March 23, 2009.
MAC Solar Index December 2008 Quarterly Review Produces No Constituent Changes December 22, 2008 – MAC Indexing, LLC announced on December 22, 2008, that there were no changes to the stock constituent list for the MAC Solar Index during the quarterly review completed as of the close of business on December 19, 2008. There were no stocks added or deleted from the constituent list and there were no changes in the Exposure Factors for any of the constituent stocks. MAC Global Solar Energy Index - September 2008 Quarterly Index September 22, 2008 – MAC Indexing, LLC announced on September 22, 2008, the following changes to the MAC Global Solar Energy Index that became effective as of the close of business on September 19, 2008, as a result of the regular quarterly review process.
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