PPVX up 2.1 percent
Post date: 04/05/2019 - 21:50
Last week, the PHOTON Photovoltaic Stock Index PPVX rose by 2.1 percent to 1,190 points. Since the beginning of the year, the index has thus gained 32.5 percent. Its reference value NYSE Arca Oil was 2.8 percent lower on Friday than in the previous week, but is still 14.3 percent above its level on 1 January. In comparison, the PPVX is (currency-adjusted) of 18.2 percentage points ahead of the oil stocks since the beginning of the year; in a long-term comparison since 2003, the PPVX is 151.0 percentage points ahead (plus 323.0 versus 172.1 percent).
The highest price gains of last week have been posted by Enphase with a remarkable 32.6 percent, followed by REC Silicon (14.3 percent) and Jinko Solar (6.1 percent). The most significant price losses were suffered by Scatec (10.3 percent), SunRun (6.4 percent) and United Renewable Energy (4.6 percent). The highest price gains since the beginning of the year are shown by Enphase (192.4 percent), Jinko Solar (112.2 percent) and Xinyi Solar (64.0 percent). Only Shunfeng International (minus 46.2 percent) and Panda Green Energy (minus 31.3 percent) are currently recording price losses compared with the beginning of the year.
For the index calculation, the weighting factor of Shunfeng International was reduced from 3 to 2, while that of SunPower increased from 3 to four and Xinyi Solar rose from 4 to 5. This makes the Chinese solar glass manufacturer and power plant developer the second PPVX company with five weighting points after First Solar. The cumulative PPVX market value is currently around €31.7 billion ($35.5 billion).