PPVX up 1.6 percent
Post date: 31/05/2021 - 10:34
The PHOTON Photovoltaic Stock Index PPVX traded at 3,427 points on Friday, up 1.6 percent from the previous week. Its benchmark NYSE Arca Oil rose 1.5 percent. Year-to-date, the PPVX is down 15.8 percent, 53.4 percentage points behind the oil stock index (up 37.6 percent).
Last week's highest price gains were posted by Meyer Burger (14.7 percent), Shoals Technologies (13.2 percent) and Sino-American Silicon (7.5 percent). The most significant price losses were suffered by Solaría Energía (5.5 percent), Maxeon (4.8 percent) and Daqo New Energy (4.6 percent). Compared to the beginning of the year, only two PPVX stocks currently have price gains to report, namely Meyer Burger (48.1 percent) and Daqo New Energy (29.7 percent). The share of GCL-Poly is still suspended from trading. The most significant losses are currently posted by Renesola (75.7 percent), Array Technologies (62.2 percent) and Azure Power (49.0 percent).
The cumulative market value of all PPVX companies is currently around €101.1 billion ($123.3 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,118.3 percent) has a lead of 1,009.6 percentage points over the NYSE Arca Oil (up 108.7 percent).