ADS-TEC Energy PLC (NASDAQ: ADSE) disclosed that it has finalized the spinoff of Constellation Energy Corp. (NASDAQ: CEG). After the successful execution of this spin-off deal, Constellation Energy Corp. was usefully added to the NASDAQ-100 Index (NASDAQ: NDX). NDX is the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Technology Index (NASDAQ: NDXX) on February 2, 2022.
Constellation Energy Corp. (NASDAQ: CEG) was Exelon’s former power generation and competitive energy business. After analysis, Nasdaq has concluded that Constellation Energy Corp. will remain as a part of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Ex-Technology Index.
ADS-TEC Energy PLC has gained recognition as a B2B technology firm that designs, produces, and supports intelligent battery buffered energy systems. ChargeBox, a battery storage system with inverter, climate control, energy management, security/firewall, and communication components, and ChargeTrailer, a mobile high-power charging system in the form of a truck trailer, are two of the company's products.
On the other hand, Nasdaq (NASDAQ: NDAQ) has earned a reputation as a multinational technology business that caters to the capital markets and other industries. Clients can confidently optimize and implement their company vision thanks to our wide portfolio of data, analytics, software, and services.