PPVX clearly recovered

After a recent downward trend, the PHOTON Photovoltaic Stock Index PPVX has rebounded with a current score of 3,717 points. Compared to its level on August 20, it gained 5.4 percent last week. Its benchmark NYSE Arca Oil rose even more, by 7.5 percent (to 859 points). At minus 8.7 percent from its Jan. 1 level, the PPVX trailed the oil stock index (up 33.2 percent) by 41.9 percentage points.
Xinte Energy reported the week’s highest gains at 27.2 percent, followed by Flat Glass Group (26.0 percent) and Sino-American Silicon (15.9 percent). Only five of the 30 PPVX companies closed with price losses last week, the most significant being Grenergy (5.5 percent), Solaria Energia (5.1 percent) and Scatec (2.7 percent).
On the other hand, only five PPVX companies are currently showing a positive share price performance compared to January 1. Meyer Burger (32.6 percent) is posting the largest gain, followed by Flat Glass Group (28.1 percent since inclusion in the PPVX on June 25) and Sino-American Silicon (7.0 percent). The highest year-to-date price losses are posted by Array Technologies (55.2 percent), Azure Power (52.5 percent) and Soltec (48.2 percent). GCL-Poly’s stock has been suspended from trading since April.
The cumulative market value of all PPVX companies is currently about €125.3 billion ($147.4 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,221.2 percent) has a lead of 1,119.1 percentage points over NYSE Arca Oil (up 102.0 percent).

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