Heliogen, Inc. Set to Join Russell 3000® Index
June 21 2022 - 7:00AM
Business Wire
Heliogen, Inc. (“Heliogen”), a leading provider of AI-enabled
concentrated solar energy technology, is set to join the
broad-market Russell 3000® Index at the conclusion of
the 2022 Russell indexes annual reconstitution, effective after the
US market opens on June 27, according to a final list of index
additions posted June 17.
Membership in the US all-cap Russell 3000® Index, which remains
in place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell
2000® Index as well as the appropriate growth and
value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings and style attributes.
“The inclusion of Heliogen in the Russell indexes is further
evidence of our company’s growth and progress since our public
listing in December,” said Bill Gross, Founder and Chief Executive
Officer of Heliogen. “The Heliogen team looks forward to
continually increasing our market presence, and speaking with an
ever broadening range of investors interested in decarbonizing
heavy industry worldwide.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About Heliogen:
Heliogen is a renewable energy technology company focused on
eliminating the need for fossil fuels in heavy industry and
powering a sustainable future. The company’s AI-enabled, modular
concentrated solar energy technology aims to cost-effectively
deliver near 24/7 carbon-free energy in the form of heat, power, or
green hydrogen fuel at scale – for the first time in history.
Heliogen was created at Idealab, the leading technology incubator
founded by Bill Gross in 1996. For more information about Heliogen,
please visit heliogen.com.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220621005257/en/
Heliogen Investor Contact: Louis Baltimore VP, Investor
Relations Louis.Baltimore@heliogen.com
Heliogen Media Contact: Cory Ziskind ICR, Inc.
HeliogenPR@icrinc.com
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