Charge Enterprises, Inc. (Nasdaq: CRGE) (“Charge” or the
“Company”), a global business connecting people with communications
and electric vehicle (“EV”) charging infrastructure, announced
today, it continues to maintain its inclusion in the Russell
3000®, Russell 2000®, and Russell Microcap® Indexes,
effective after the US market opened on June 26, 2023.
“The sustained presence of Charge in the Russell indexes holds
great importance, as the companies included in these indexes are
considered representatives of their specific market segments.
Moreover, they serve as benchmarks for diverse investment
strategies and portfolios, and signify a notable degree of
financial strength and dependability,” stated Andrew Fox, Founder,
Chairman and Chief Executive Officer of Charge Enterprises. “By
retaining our inclusion in these market indexes, we anticipate
heightened awareness of our vision and multi-phased strategic
direction. Our primary focus lies in advancing our position in the
electrical, broadband and EV charging infrastructure markets.”
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of April 28, 2023, ranking them by total market
capitalization. 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.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 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, the Russell
Microcap® Index and the Russell indexes reconstitution, go to the
“Russell Reconstitution” section on the FTSE Russell website.
About Charge Enterprises, Inc. Charge Enterprises, Inc.
is an electrical, broadband and EV charging infrastructure company
that provides clients with end-to-end project management services.
We operate in two segments: Infrastructure, which has a primary
focus on EV charging, broadband and wireless, and electrical
contracting services; and Telecommunications, which provides
connection of voice calls, Short Message Services (SMS) and data to
global carriers. Our vision is to be a leader in enabling the next
wave of transportation and connectivity. By building, designing,
and operating seamless infrastructure for electric vehicles, we aim
to create a future where transportation is clean, efficient, and
connected and to empower individuals, communities, and businesses
to thrive in a more sustainable world. Our plan is to cultivate
repeat customers and recurring revenue by deploying a multi-phased
strategy, initially where investment in the EV charging revolution
is taking place, the nation’s approximately 18,000 franchised auto
dealers.
To learn more about Charge, visit Charge Enterprises, Inc.
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 $20.1
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.
Notice Regarding Forward-Looking Information This press
release contains forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements reflect current
expectations or beliefs regarding future events or Charge's future
performance. Often, but not always, forward-looking statements can
be identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", “potential”,
"continues", "forecasts", "projects", "predicts", "intends",
"anticipates", "targets" or "believes", or variations of, or the
negatives of, such words and phrases or state that certain actions,
events or results "may", "could", "would", "should", "might" or
"will" be taken, occur or be achieved. All forward-looking
statements, including those herein, are qualified by this
cautionary statement. Although Charge believes that the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements involve risks and
uncertainties, and actual results may differ materially from any
future results expressed or implied by such forward-looking
statements. Such risks and uncertainties include the business plans
and strategies of Charge, Charge's future business development,
market acceptance of electric vehicles, the success of Charge’s
retail dealership initiative and the size, scope and success of the
related initial installation projects, Charge's ability to generate
profits and positive cash flow, changes in government regulations
and government incentives, subsidies, or other favorable government
policies, rising interest rates and the impact on investments by
our customers, and other risks discussed in Charge's filings with
the U.S. Securities and Exchange Commission ("SEC"). Readers are
cautioned that the foregoing list of risks and uncertainties is not
exhaustive of the factors that may affect forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking statements in this
press release speak only as of the date of this press release or as
of the date or dates specified in such statements. For more
information on us, investors are encouraged to review our public
filings with the SEC, including the factors described in the
section captioned “Risk Factors” of Charge’s Annual Report on Form
10-K filed with the SEC on March 15, 2023, as well as subsequent
reports we file from time to time with the SEC which are available
on the SEC's website at www.sec.gov. Charge disclaims any intention
or obligation to update or revise any forward- looking information,
whether as a result of new information, future events or otherwise,
other than as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230627534105/en/
Contacts:
Investors Christine Cannella
(954) 298-6518 Ccannella@charge.enterprises
Kevin McGrath (646) 418-7002 kevin@tradigitalir.com
Media Kristopher Conesa
(305) 975-5934 kconesa@csuitepr.com
Charge Enterprises (NASDAQ:CRGE)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Charge Enterprises (NASDAQ:CRGE)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024