View, Inc. Set to Join Russell 3000® Index
Rhea-AI Summary
View, Inc. (NASDAQ: VIEW), a leader in smart windows, will join the Russell 3000 Index after the annual reconstitution on June 28, 2021. This inclusion provides automatic entry into the Russell 1000 or 2000 Indexes based on market capitalization, enhancing visibility among investors. View specializes in AI-driven windows that optimize natural light while minimizing energy consumption and emissions. Its systems are integrated into various building types across 75 million square feet, promoting sustainability and occupant health. Russell indexes benchmark approximately $10.6 trillion in assets.
Positive
- Inclusion in the Russell 3000 Index enhances investor visibility and credibility.
- View's smart windows have a significant market presence, being designed into 75 million square feet of buildings.
- The company's technology improves energy efficiency and occupant health, aligning with environmental sustainability trends.
Negative
- None.
News Market Reaction – VIEW
On the day this news was published, VIEW gained 10.26%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MILPITAS, Calif., June 07, 2021 (GLOBE NEWSWIRE) -- View, Inc. (NASDAQ: VIEW), the market leader in smart windows, is set to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28 according to a preliminary list of additions posted June 4.
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.
View is the market leader in smart windows that use artificial intelligence to automatically adjust in response to the sun to increase access to natural light and views of the outdoors, minimize heat and glare, and reduce energy consumption and greenhouse gas (GHG) emissions. Every View installation includes a cloud-connected smart building platform to enable groundbreaking applications that improve building security, provide superior cellular coverage in buildings, enable edge computing, and facilitate collaboration via View windows that transform into transparent displays. View is designed into 75 million square feet of buildings including offices, hospitals, airports, educational facilities, hotels, and multi-family residences.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
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 View, Inc:
View is a smart building platform company and the market leader in dynamic windows. View’s windows use artificial intelligence to automatically adjust in response to the sun and increase access to natural light, acting as a digital skin for smart buildings that improve occupant health and reduce energy consumption to mitigate the effects of climate change. Every View installation includes a smart building platform that consists of power, network, and communication infrastructure. For more information, please visit: www.view.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
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
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.
Contacts:
For Investors:
Samuel Meehan
View, Inc.
Investor Relations
IR@View.com
408-493-1358
For Media:
View Media Contact:
Michael Kellner
Treble
view@treblepr.com
415-425-4773