PPVX down by 1.6 percent
Post date: 15/07/2019 - 10:48
The PHOTON Photovoltaic Stock Index PPVX recorded a minus of 1.6 percent last week and fell to 1,266 points. Its reference value NYSE Arca Oil, on the other hand, rose by 2.5 percent.
Since the beginning of the year, the PPVX has outperformed the NYSE Arca Oil index by 28 percentage points (plus 13.1 percent) with a currency-adjusted gain of 40.9 percent. Since the beginning of 2003, solar shares (plus 350 percent) currently have a lead of 181 percentage points over oil stocks (plus 169 percent). The current cumulative market value of all PPVX companies is around €34 billion ($38.2 billion).
The biggest winners of the week were Solaria Energia y Medio Ambiente (plus 11 percent) and GCL Poly Energy Holding (plus 5 percent). The highest losses have been suffered by Jinko Solar Holding (minus 13 percent) and REC Silicon (minus 11 percent).
The top 3 titles since the beginning of the year are Enphase Energy (plus 316 percent), Sunpower (plus 135 percent) and Jinko Solar Holding (plus 103 percent).
With effect from July 12, 2019, ten REC Silicon shares were combined into one share by means of a reverse split and the weighting factor of SMA Solar Technology AG was increased from 3 to 4.