PPVX up 3.2 percent

The PHOTON Photovoltaic Stock Index PPVX rose 3.2 percent last week to 3,840 points. Its benchmark NYSE Arca Oil lost 0.7 percent. At minus 5.6 percent year-to-date, the PPVX trails the oil stock index (up 51.5 percent) by 57.1 percentage points.
Last week’s highest price gains were posted by Jinko Solar (17.2 percent), Azure Power (11.1 percent) and Shoals Technologies (9.9 percent), while the biggest losses were suffered by Xinyi Solar (6.2 percent), Flat Glass Group (2.7 percent) and Soltec (2.5 percent). The top 3 stocks since the beginning of the year are Meyer Burger with a 54.3 percent gain (GCL-Poly's stock, up 61.0 percent through April, is still suspended from trading), SunPower (12.4 percent) and Daqo New Energy (9.0 percent). The highest price losses from January levels are posted by Array Technologies (63.4 percent), Soltec (44.8 percent) and Neoen (39.4 percent).
The cumulative market value of all PPVX companies is currently about €126.8 billion ($150.3 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,265.1 percent) has a lead of 1,135.3 percentage points over the NYSE Arca Oil (up 129.8 percent).

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