PPVX up 5.1 percent
Post date: 22/05/2021 - 13:03
After recent significant losses, the PHOTON Photovoltaic Stock Index PPVX recovered last week and was trading at 3,373 points on Friday, 5.1 percent higher than the previous week. Its benchmark NYSE Arca Oil lost 3.9 percent. Year-to-date, however, the PPVX, down 17.1 percent terms, still trails the oil stock index (up 35.6 percent) by 52.7 percentage points.
Enphase (up 18.8 percent), Xinyi Solar (up 18.7 percent) and Solaredge (up 15.3 percent) posted the highest gains of the week. Only three PPVX stocks suffered price losses: United Renewable Energy (1.5 percent), Soltec (1.3 percent) and Sino-American Silicon (1.0 percent). GCL-Poly’s stock is still suspended from trading.
Compared to the beginning of the year, however, almost all PPVX shares are still down, with only Daqo New Energy (up 35.9 percent) and Meyer Burger (29.1 percent) reporting price gains. The most significant losses are currently posted by Renesola (75.9 percent), Array Technologies (62.6 percent) and Azure Power (47.9 percent).
The cumulative market value of all PPVX companies is currently around €99.7 billion ($121.7 billion. In a long-term comparison since the beginning of 2003, the PPVX (up 1,098.9 percent) has a lead of 993.3 percentage points over the NYSE Arca Oil (up 105.6 percent).