PPVX up 4.3 percent
Post date: 24/04/2021 - 13:00
The PHOTON Photovoltaic Stock Index PPVX rose 4.3 percent last week to 3,849 points, but is still 5.4 percent below its level at the beginning of the year. Its benchmark, NYSE Arca Oil, lost 2.7 percent. but trading at 814 points it is still up 26.1 percent from Jan. 1. That puts the solar stocks 31.5 percentage points behind the Arca oil year-to-date.
Daqo New Energy (27.4 percent), Sino-American Silicon (13.6 percent) and Enphase (11.3 percent) posted the week’s biggest price gains, while the biggest losses were suffered by Scatec (6.1 percent), Beijing Energy (3.7 percent) and Grenergy (3.4 percent). The top 3 stocks since the beginning of the year are GCL-Poly with a gain of 61.0 percent (however, this stock has been suspended from trading since early April), Daqo New Energy (56.0 percent) and Meyer Burger (31.5 percent). The highest price losses compared to January levels are recorded by Renesola (69.9 percent), Jinko Solar (36.6 percent) and Neoen (36.1 percent).
The cumulative market value of all PPVX companies is currently around €117.0 billion $140.7 billion). In a long-term comparison since the beginning of 2003, the PPVX, up 1,268.2 percent, has a lead of 1,176.9 percentage points over the NYSE Arca Oil (up 91.2 percent).