PPVX continues to grow

The PHOTON Photovoltaic Stock Index PPVX gained 3.4 percent last week to 3,595 points, while its benchmark NYSE Arca Oil fell 3.3 percent (to 913 points). Year to date, the PPVX is still down 11.7 percent, trailing the oil stock index (up 41.5 percent) by 53.2 percentage points. In a long-term comparison since the beginning of 2003, however, the PPVX (up 1,177.8 percent) is 1,063.2 percentage points ahead of the NYSE Arca Oil (up 114.6 percent). The cumulative market value of all PPVX companies is currently around €110.5 billion ($131.9 billion).
17 of the 30 PPVX stocks ended last week with gains (GCL-Poly’s stock remains suspended from trading). Spanish project developer and solar power plant operator Solarpack, which is the subject of a takeover bid by Swedish investment holding EQT at €26.50 per share (the share price stood at €26.25 on Friday), posted the highest price gain of 48.6 percent. Azure Power gained 19.4 percent, Sunrun gained 16.3 percent. The week’s most significant share price losses were suffered by Jinko Solar (14.8 percent), Renesola (12.4 percent) and Daqo New Energy (11.9 percent). The highest share price gains since the beginning of the year are currently recorded by Meyer Burger (45.1 percent), Daqo New Energy (5.5 percent) and Sino-American Silicon (3.1 percent). The highest price losses are reported by Renesola (75.3 percent), Array Technologies (62.4 percent) and Soltec (44.6 percent).

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