PPVX up 3.5 percent
Post date: 07/09/2021 - 11:51
The PHOTON Photovoltaic Stock Index PPVX again recorded a rise last week and climbed 3.5 percent to 3,847 points, but is still 5.4 percent away from its level at the beginning of the year. Its benchmark NYSE Arca Oil, on the other hand, lost 1.6 percent, but is still trading 31.0 percent higher than on January 1. As a result, the solar stocks are currently 36.5 percentage points behind the oil stocks in direct comparison.
Of 21 PPVX companies that reported share price gains last week, Beijing International posted the largest gain of 23.1 percent, followed by Xinte Energy (18.2 percent) and Jinko Solar (15.7 percent). The most significant share price losses were suffered by Enlight (3.0 percent), Solaredge (2.0 percent) and Encavis (1.0 percent).
Meyer Burger currently has the highest year-to-date gain at 46.0 percent, followed by Flat Glass Group (33.8 percent since joining the PPVX on June 25) and Xinte Energy (17.3 percent since joining on July 23). The largest year-to-date declines are currently posted by Array Technologies (54.8 percent), Soltec (47.0 percent) and Scatec (46.8 percent). GCL-Poly has been suspended from trading since April.
The cumulative market value of all PPVX companies is currently around €127.7 billion ($151.4 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,267.5 percent) has a lead of 1,168.8 percentage points over the NYSE Arca Oil (up 98.7 percent).