PPVX up 1.3 percent

After recent significant losses, the PHOTON Photovoltaic Stock Index PPVX gained 1.3 percent last week and listed at 3.800 points on Friday. Its benchmark NYSE Arca Oil gained 3.7 percent. Down 6.6 percent year-to-date, the PPVX now trails the oil stock index (up 62.3 percent) by 68.9 percentage points.
Seventeen of the 30 PPVX stocks ended the week with price gains, with Renew Energy (7.8 percent), Sino-American Silicon (6.9 percent) and United Renewable Energy (6.6 percent) leading the way. The highest price losses were suffered by Scatec (4.8 percent), SunPower (4.3 percent) and SMA (3.3 percent). The top 3 stocks year-to-date are GCL-Poly with a gain of 117.9 percent, West Holdings (28.3 percent) and Sino-American Silicon (27.3 percent), while the highest price losses from January levels are posted by Array Technologies (60.0 percent), Scatec (58.1 percent) and Azure Power (55.4 percent). The weighting factor used to calculate the index according to the companies’ stock market value was increased for Solaredge from five to six; as a result, three PPVX companies – Solaredge, Enphase and Xinyi Solar – now belong to the highest weighting class (stock market value from €12.8 billion; $14.5 billion).
The cumulative market value of all PPVX companies is currently around €135.6 billion ($153.4 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,251 percent) has a lead of 1,105 percentage points over the NYSE Arca Oil (up 146 percent).
© PHOTON

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