PPVX up 3.6 percent
Post date: 13/01/2019 - 16:26
The PHOTON Photovoltaic Stock Index PPVX gained 3.7 percent in the past week and listed at 967 points on Friday. Its reference value NYSE Arca Oil rose by 3.8 percent. Last week’s highest price gains were achieved by Jinko Solar (12.7 percent), SunRun (12.2 percent) and Xinyi Solar (12.1 percent). The highest losses were suffered by Panda Green Energy (13.0 percent), Thai Solar Energy (2.8 percent) and SolarEdge (2.3 percent). The highest price gains since the beginning of the year were achieved by Jinko Solar (24.6 percent), Canadian Solar (23.2 percent) and Enphase (20.1 percent), while the highest price losses are currently posted by Panda Green Energy (16.7 percent), Azure Power (2.3 percent) and Thai Solar Energy (1.0 percent).
For the calculation of the index, the weighting factor of China Singyes Solar was reduced from 3 to 2. The share has been suspended from trading since October 2018 after the company was unable to redeem a maturing bond. The share price is therefore unchanged, but the rate of the Hong Kong dollar, with which the stock is traded, has fallen, and therefore the market cap, which for the PPVX is determined in euros has fallen to less than €200 million ($229.2 million).
The cumulative market value of all PPVX companies is currently around €24.1 billion ($27.6 billion). With plus 7.7 percent since the beginning of the year, the PPVX has been 1.7 percentage points behind the NYSE Arca Oil (plus 9.4 percent). Since 2003, however, the PPVX (plus 243.9 percent) is 83.4 percentage points ahead of the oil share index (plus 160.5 percent).