PPVX down 2.4 percent

The PHOTON Photovoltaic Stock Index PPVX fell by 2.4 percent during the past week to 3,671 points. Its benchmark NYSE Arca Oil gained 5.1 percent. At minus 9.8 percent year-to-date, the PPVX trails the oil stock index (up 41.4 percent) by 51.2 percentage points.
The week’s highest price gains were posted by Encavis (8.3 percent), Neoen (7.8 percent) and Enlight (5.7 percent), while the biggest losses were suffered by Daqo New Energy (13.1 percent), First Solar (12.4 percent) and Jinko Solar (11.9 percent). The top 3 stocks year-to-date are Meyer Burger (up 38.9 percent), Flat Glass Group (24.4 percent) and West Holdings (18.2 percent); GCL-Poly remains suspended from trading. The highest price losses from January levels are currently posted by Array Technologies (59.9 percent), Azure Power (49.7 percent) and Scatec (49.3 percent).
The cumulative market value of all PPVX companies is currently around €121.7 billion ($142.7 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,204.8 percent) has a lead of 1,090.3 percentage points over the NYSE Arca Oil (up 114.5 percent).

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