PPVX up 5.5 percent
Post date: 24/02/2019 - 21:24
The PHOTON Photovoltaic Stock Index PPVX once again gained significantly in the past week and, at 1,129 points, listed 5.5 percent higher on Friday than in the previous week. Compared to the beginning of the year, the index is up 25.7 percent. Its reference value NYSE Arca Oil was 0.6 percent lower than in the previous week. Since January, the PPVX has thus been 12.1 percentage points ahead of the Arca Oil (plus 13.6 percent). Since the beginning of 2003, the solar shares (plus 301.5 percent) have outperformed the oil stocks (plus 170.4 percent) by 131.1 percentage points. The cumulative market value of all PPVX companies is currently around €28.4 billion ($32.2 billion).
Jinko Solar’s share increased enormously with plus 30.9 percent last week. Daqo New Energy gained just as much (30.2 percent). GCL-Poly achieved the third highest price gain of the week with 18.5 percent. The most significant price losses of the week were suffered by SolarEdge (3.7 percent), Shinsung E&G (3.4 percent) and West Holdings (1.1 percent). The strongest increases since the beginning of the year were recorded by Jinko Solar with 111.7 percent, Daqo New Energy (70.3 percent) and Canadian Solar (69.6 percent). The highest price losses since January are currently recorded by Panda Green Energy (20.8 percent), West Holdings (2.3 percent) and 7C Solarparken (0.7 percent; since admission to the PPVX on February 15).