PPVX up 4.1 percent
Post date: 27/09/2020 - 13:06
The PHOTON Photovoltaic Stock Index PPVX gained 4.1% last week and closed at 2,485 points on Friday. Its reference value NYSE Arca Oil lost 7.4%. Since the beginning of the year, the PPVX has now gained 68.9% and is thus (after currency adjustments) 122.6 percentage points ahead of the Arca Oil (minus 53.7%). In a long-term view since 2003 the solar stocks have gained 783.5% and are thus 759.9 percentage points ahead of the oil stocks (plus 23.6%).
By far the highest price gains last week were recorded by Jinko Solar (45.3%), followed by Canadian Solar (9.9%) and Vivint Solar (9.6%). The highest price losses were suffered by Shinsung E&G (10.6%), Sino-American Silicon (7.5%) and Azur Power (6.1%). The top 3 stocks since the beginning of the year are Vivint Solar with plus 401.8%, Sunrun (381.2%) and Enphase (181.7%). The most significant price losses since January are being recorded by Maxeon Solar (30.4%), BCPG (26.5%) and Meyer Burger (17.9%). The cumulative market value of all PPVX companies currently amounts to around €70.9 billion ($82.4 billion).