PPVX up 2.4 percent
Post date: 20/01/2019 - 13:20
In the past week, the PHOTON Photovoltaic Stock Index PPVX recorded another gain. The index with the shares of the 30 PV companies with the highest market capitalisation worldwide stood at 990 points on Friday, 2.4 percent higher than a week earlier. The PPVX comparative NYSE Arca Oil rose by 1.3 percent.
The highest price gains of the week were achieved by Solarpack (17.6 percent), Enphase (15.0 percent) and Daqo New Energy (10.7 percent); the highest losses were suffered by West Holdings (7.0 percent), BCPG (5.6 percent) and Thai Solar Energy (3.9 percent). The highest price gains since the beginning of the year were achieved by Enphase (38.1 percent), Jinko Solar (28.4 percent) and Canadian Solar (25.7 percent), while the highest price losses are currently posted by Panda Green Energy (18.8 percent), Thai Solar Energy (4.8 percent) and West Holdings (1.6 percent).
The cumulative market value of all PPVX companies is currently around €24.6 billion ($27.9 billion). With plus 10.7 percent since the beginning of the year, the PPVX has been 0.7 percentage points behind the NYSE Arca Oil (plus 10.9 percent). Since 2003, however, the PPVX (plus 252.0 percent) is 88.1 percentage points ahead of the oil share index (plus 163.9 percent).