CIBC Announces Changes to the CIBC Atlas Clean Energy Index
CIBC announced the rebalance of the CIBC Atlas Clean Energy Index effective after the close of business on March 19, 2021. The rebalance will see the addition of five constituents: Array Technologies, Inc (ARRY), Eos Energy Enterprises, Inc (EOSE), Sunworks, Inc (SUNW), Aemetis Inc (AMTX), and Greenlane Renewables Inc (GRN CN). Conversely, Cree, Inc (CREE) and Cleanspark Inc (CLSK) will be removed from the Index. CIBC clarifies that these changes do not imply a judgment on the investment viability of the respective securities.
- Addition of five new companies to the CIBC Atlas Clean Energy Index, potentially enhancing investor interest.
- Inclusion of companies in growing sectors, such as renewable energy, which may attract further investments.
- Removal of Cree, Inc and Cleanspark Inc may indicate declining confidence or performance in these companies.
DENVER, Colo., March 15, 2021 /PRNewswire/ - CIBC today announced that the CIBC Atlas Clean Energy Index (the "Index") rebalance following close of business on March 19, 2021, will result in changes to the Index as follows:
Constituents to be added
- Array Technologies, Inc (Ticker: ARRY)
- Eos Energy Enterprises, Inc (Ticker: EOSE)
- Sunworks, Inc (Ticker: SUNW)
- Aemetis Inc (Ticker: AMTX)
- Greenlane Renewables Inc (Ticker: GRN CN)
Constituents to be removed
- Cree, Inc (Ticker: CREE)
- Cleanspark Inc (Ticker: CLSK)
Constituent additions to and deletions from the Index do not reflect an opinion by CIBC U.S. Private Wealth Management on the investment merits of the respective securities. For further information, please contact CIBC U.S. Private Wealth Management at 720.221.5000.
About CIBC
CIBC (NYSE: CM) (TSX: CM) is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC U.S. Private Wealth Management offers investment management, wealth strategies and legacy planning. Visit us at cibc.com/US.
Private banking solutions are offered through CIBC Bank USA, Member FDIC and Equal Housing Lender. CIBC Bank USA and CIBC Private Wealth Group, LLC are both indirect, wholly owned subsidiaries of CIBC. CIBC Private Wealth Group and its subsidiaries do not provide, and are not responsible for, the products and services offered by CIBC Bank USA. CIBC Bank USA (Bank) will not pay employees of CIBC Private Wealth Group or its subsidiaries for referring clients to Bank, but to the extent permitted by applicable laws and regulations, the referral of clients to Bank for eligible products or services may be considered by CIBC Private Wealth Group in determining discretionary compensation to employees. The CIBC logo is a registered trademark of CIBC, used under license. Investment Products Offered are Not FDIC-Insured, May Lose Value and are Not Bank Guaranteed.
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SOURCE CIBC
FAQ
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