7C Solarparken enters PPVX
Post date: 17/02/2019 - 15:40
The share of the German solar power plant operator 7C Solarparken AG (www.solarparken.com) was included in the PHOTON Photovoltaic Stock Index PPVX on February 15. Although the Bayreuth-based company has only 14 employees and is a very small player in the field of international solar power plant operators with a total portfolio of 160 MW, its market capitalisation is around €152 million ($171.5 million). The company is thus weighted with two out of six possible points for the Index-calculation.
In the PPVX, which is limited at 30 entries, 7C Solarparken takes over the position of China Singyes Solar Technologies Hldg. Ltd. The company’s share was suspended from trading from October 2018 to January 2019 after maturing bonds with a volume of almost one billion yuan ($148 million) were not repaid on time. Following the resumption of trading on the Hong Kong Stock Exchange, the price settled at around HKD 1, halving the market value. The share left the PPVX on February 15 at a price of 0.97 HKD, which corresponds to a market value of around $103 million.
The PPVX stood at 1,070 points on Friday, 1.6 percent higher than a week before. Its reference value NYSE Arca Oil gained 4.5 percent. Since the beginning of the year, the PPVX (plus 19.1 percent) is thus 4.8 percentage points ahead of the Arca Oil (plus 14.3 percent). Since the beginning of 2003, the solar stocks (plus 280.3 percent) have outperformed the oil stocks (plus 172.0 percent) by 108.3 percentage points. The cumulative market value of all PPVX companies is currently around €26.8 billion ($30.2 billion).
Vivint Solar (14.6 percent), Sino-American Silicon (9.3 percent) and Shinsung E&G (6.9 percent) achieved the highest price gains last week, Thai Solar Energy (6.5 percent), Xinyi Solar (3.3 percent) and Panda Green Energy (2.6 percent) suffered the highest price losses. The most significant increases since the beginning of the year are currently recorded by Jinko Solar (61.8 percent), Enphase (61.7 percent) and Canadian Solar (43.2 percent). Only two shares are currently negative compared to January 1: Panda Green Energy (20.8 percent) and West Holdings (1.2 percent).