PPVX closes 2021 at minus 10.2 percent
Post date: 03/01/2022 - 14:44
The PHOTON Photovoltaic Stock Index PPVX, covering the shares of the 30 listed PV companies with the highest market capitalization worldwide, closed at 3,653 points on December 31, 2021, down 10.2 percent from the start of the year. Its benchmark, NYSE Arca Oil, was trading at 1,040 points, up 61.3 percent from Jan. 1. The Solar stocks are thus 71.5 percentage points behind the oil shares. However, this record should be viewed against the background of an extreme increase in the year 2020, when the PPVX had closed up 176.6 percent, compared with minus 43.1 percent for the NYSE Arca Oil.
Seven of the 30 PPVX stocks ended 2021 with price gains, the most notable being GCL Poly, up 130.1 percent, followed by Sino-American Silicon (33.0 percent) and Flat Glass Group (32.4 percent). The highest share price losses were suffered by Array Technologies (63.6 percent), Azure Power (55.5 percent) and Scatec (55.3 percent).
The PPVX ended the final week of the year with a slight gain of 0.9 percent (NYSE Arca Oil gained 1.0 percent). The highest weekly gains were posted by Flat Glass Group (16.0 percent), GCL-Poly (8.4 percent) and Jinko Solar (6.5 percent), while the highest losses were suffered by Shoals Technologies (6.7 percent), Array Technologies (4.5 percent) and Grenergy (3.3 percent).
The cumulative market value of all PPVX companies was €127.0 billion ($143.8 billion) as of Dec. 31. In a long-term comparison since the beginning of 2003, the PPVX (up 1,198 percent) has a lead of 1,054 percentage points over the NYSE Arca Oil (up 145 percent).