PPVX down 1.2 percent
Post date: 06/06/2021 - 14:41
The PHOTON Photovoltaic Stock Index PPVX lost 1.2 percent last week, closing at 3,385 points on Friday while its benchmark NYSE Arca Oil rose significantly by 6.7 percent to 947 points. Year-to-date, the PPVX is down 16.8 percent and thus 63.6 percentage points behind the oil stock index (up 46.8 percent).
Last week’s highest price gains are posted by Jinko Solar (12.6 percent), Daqo New Energies (8.7 percent) and Maxeon (6.2 percent). The most significant price losses were suffered by Azure Power (8.6 percent), Array Technologies (7.8 percent) and Meyer Burger (6.4 percent). Compared to the beginning of the year, only two PPVX stocks currently have price gains to report, namely Daqo New Energy (40.9 percent) and Meyer Burger (38.6 percent). BCPG stands at plus/minus 0.0 percent, the shares of GCL-Poly remain suspended from trading. The most significant year-to-date declines in value are currently reported by Renesola (75.0 percent), Array Technologies (65.2 percent) and Azure Power (53.4 percent).
The cumulative market value of all PPVX companies is currently around €99.2 billion ($120.7 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,103.2 percent) has a lead of 980.6 percentage points over the NYSE Arca Oil (up 122.6 percent).