Energy Services of America Added to Russell 2000 and 3000 Index

Rhea-AI Summary

Energy Services of America (Nasdaq: ESOA) announced its addition to both the Russell 2000 and Russell 3000 indices, effective June 30, 2025. This inclusion represents a significant milestone for the company, potentially increasing its visibility among small-cap focused investors.

According to FTSE Russell data, approximately $10.6 trillion in assets are benchmarked against Russell US indexes as of June 2024. The Russell 2000 Index specifically measures the performance of the small-cap segment of the US equity universe and is a subset of the broader Russell 3000 index.

Positive

• Inclusion in Russell 2000 and 3000 indices increases visibility to institutional investors
• Access to broader investor base through widely-used small-cap index
• Recognition of company growth reaching index inclusion criteria

Negative

• None.

News Market Reaction – ESOA

+4.74%

1 alert

+4.74% News Effect

On the day this news was published, ESOA gained 4.74%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HUNTINGTON, W.Va., June 30, 2025 /PRNewswire/ -- Energy Services of America (Nasdaq: ESOA), today announced it has been added to the Russell 2000 and Russell 3000 index, effective at the start of trading on June 30, 2025.

"Being added to the Russell index is a great milestone for our company and reflects the ongoing hard work and dedication of our employees," said Doug Reynolds, President and Chief Executive Officer of Energy Services of America. "The Russell 2000 index is widely used as a screening tool for many small-cap focused investors, and we look forward to presenting our investment thesis to this audience over the coming months." 

The Russell 2000 Index measures the performance of the small-cap segment of the US equity universe and is a subset of the broader-market Russell 3000 index. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

About Energy Services

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company's core values are safety, quality, and production.

View original content:https://www.prnewswire.com/news-releases/energy-services-of-america-added-to-russell-2000-and-3000-index-302494087.html

SOURCE Energy Services of America Corporation

FAQ

When will ESOA be added to the Russell 2000 and 3000 indices?

Energy Services of America will be added to both indices effective June 30, 2025, at the start of trading.

What does the Russell 2000 index inclusion mean for ESOA?

The inclusion gives ESOA increased visibility among small-cap focused investors and institutional managers who use the Russell 2000 as a benchmark for investment strategies.

How many assets are benchmarked against Russell US indexes?

According to data as of June 2024, approximately $10.6 trillion in assets are benchmarked against Russell US indexes.

Who is the CEO of Energy Services of America (ESOA)?

Doug Reynolds serves as the President and Chief Executive Officer of Energy Services of America.

What is the Russell 2000 Index?

The Russell 2000 Index measures the performance of the small-cap segment of the US equity universe and is a subset of the broader Russell 3000 index.