PPVX below 1.000 points

On Friday, the PHOTON Photovoltaic Stock Index (PPVX) listed at 995 points, dropping below 1.000 points for the first time since early February. Compared to the week before, the index lost 0.8 percent but is still 3.3 percent above his level of January, 1. Its reference value NYSE Arca oil gained 0.1 percent last week but is still 15.8 percent lower than at the beginning of this year.
US solar company First Solar Inc. advanced from 4 weighting points for the PPVX calculation (for companies with a market cap of €0.8 to 3.2 billion – $0.9 to 3.6 billion) to 5 weighting points (€3.2 to 12.8 billion – $3.6 to 14.3 billion). First Solar is now the only PPVX company in the 5-points-class, to which it already belonged until mid-April 2017.
The highest price gains of the past week were achieved by Motech Industries (+11.8 percent), Sunrun (+6.1 percent), and Jinko Solar (+5.5 percent). The most significant price losses were suffered by Shunfeng International (-13.7 percent), United Photovoltaics, and REC Silicon (both –9.6 percent). The best performers since January are currently Meyer Burger (+79.1 percent), Solaredge (+56.9 percent), and United Photovoltaics (+41.1 percent). The worst performers are GCL-Poly (-21.5 percent), Thai Solar Energy (-14.8 percent), and Gintech (-14.5 percent).
Since the beginning of 2003, the PPVX gained 254 percent and is thus 116 percentage points ahead of the NYSE Arca Oil with plus 138 percent. The cumulated PPVX market value is €21.5 billion ($24.0 billion).
© PHOTON

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