LSE considering renewables index

The London Stock Exchange (LSE) is under pressure from a group of fuel cell companies to launch a specialist index for renewable energy companies listed on the Alternative Investment Market (AIM).

There are currently around 50 renewable energy companies on the Aim, but retail shareholders and fund managers are wary of investing in these companies because of the lack of an index, the Daily Telegraph reports.

Toby Woolrych, the chief operating officer of fuel cell firm Acta, believes that the best way for renewable energy firms to attract investment is to group them together so their performances can be compared more easily.

"Wind, solar biofuel and fuel cell companies are all competing for investors on AIM," he told the Telegraph, FuelCellWorks reports.

"Most of these companies have little or no revenue and the market needs to find a way to value them.

"The best thing you can do is to put them in one place so that investors can compare them."

Other fuel cell firms supporting the proposal include Ceramic fuel Cells and CMR Fuel Cells.


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Source: Adfero