PPVX almost unchanged
Post date: 10/07/2021 - 12:44
The PHOTON Photovoltaic Stock Index PPVX ended last week virtually unchanged at plus 0.3 percent, trading at 3,850 points on Friday. Its reference value NYSE Arca Oil lost 4.5 percent. Compared to its level at the beginning of the year, meanwhile, the PPVX is still down 5.4 percent, 50.1 percentage points behind the oil stock index (up 44.7 percent).
Jinko Solar (up 12.6 percent), West Holdings (up 11.7 percent) and Flat Glass Group (up 8.8 percent) posted the week's highest price gains, while Meyer Burger (down 7.9 percent), Sunrun (down 7.5 percent) and Maxeon (down 6.4 percent) posted the highest losses; GCL-Poly (up 61.0 percent through April) remains suspended from trading.
The highest year-to-date gains are currently posted by Meyer Burger (42.1 percent), Daqo New Energy (18.2 percent) and Sino-American Silicon (10.4 percent), while the highest price losses were suffered by Array Technologies (63.1 percent), Soltec (46.6 percent) and Neoen (40.8 percent).
The cumulative market value of all PPVX companies is currently around €126.7 billion ($149.8 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,268.4 percent) has a lead of 1,149.0 percentage points over the NYSE Arca Oil (up 119.4 percent).