XL Fleet Corp (NYSE: XL) today announced that the company had been Incorporated into the Russell 3000® Index and the U.S. Small-Cap Russell 2000® Index operative after the U.S. markets commence on June 28, 2021.
Yearly Russell directories re-formation nets the 4,000 major U.S. stocks
The yearly Russell catalogs reconstruction nets the 4,000 leading U.S. stocks as of May 7, 2021, classifying them by total market capitalization. Participation in the U.S. all-cap Russell 3000® Directory and Russell 2000® Directory stays in place for one year.
“This thrilling landmark demonstrates the attainment we have reached to date and highpoints the important continuing development openings forward of us in aiding to electrify the viable fleet business,” said Dimitri Kazarinoff, Chief Executive Officer of XL Fleet. “I am honored of our complete squad whose shared labors have placed us to become part of this community, and look onward to the improved depositor discernibility that we expect from our addition in Russell’s world-class marketplace directory.”
Russell directories are extensively used by asset managers and recognized depositors for index capitals and as benchmarks for active investment strategies. Around $10.6 trillion in possessions are benchmarked against Russell’s U.S. directories. Russell directories are part of FTSE Russell, a foremost global index supplier.
Company signs deal with Rubicon
In other news, XL Fleet announced an arrangement with Rubicon that brings XL Fleet’s contributions for fleet electrification to Rubicon’s system of discarded and recycling transporter associates.
It will allow XL Fleet to grow its client base by approaching Rubicon’s extensive partner system with the Electrification-as-a-Service contribution. XL Fleet purposes of delivering hybrid electric, plug-in hybrid, and all-electric elucidations, as well as transport charging substructure through its XL Grid division.
It also generates an occasion for infrastructure depositors to organize significant wealth into a spotless vehicle and charging substructure possessions.