PPVX down 3.0 percent

The PHOTON Photovoltaic Stock Index PPVX fell 3.0 percent last week to 3,664 points. Its reference value NYSE Arca Oil lost 0.2 percent. At minus 9.9 percent year-to-date, the PPVX trails the oil stock index (up 33.8 percent) by 43.7 percentage points.
By far the highest price gain of the week was posted by Array Technologies at 27.4 percent. Grenergy gained 5.4 percent, and First Solar 3.7 percent. In contrast, more than two-thirds of the 30 PPVX stocks suffered losses, most significantly Flat Glass Group (18.7 percent), Jinko Solar (17.1 percent) and United Renewable Energy (11.6 percent). The latter also carried out a reverse split (factor 0.5658) and reduced the number of shares to around 1.5 billion.
Since the beginning of the year, only two PPVX companies have a positive price balance: Meyer Burger (29.4 percent) and Flat Glass Group (11.5 percent since inclusion in the PPVX on June 25); GCL-Poly (up 61.0 percent from January to April) is suspended from trading until further notice. The highest share price losses since January are, despite the huge weekly gain, still posted by Array Technologies (59.9 percent), followed by Soltec (48.6 percent) and Neoen (44.6 percent).
The cumulative market value of all PPVX companies is currently around €122.7 billion ($144.0 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,202.6 percent) has a lead of 1,099.7 percentage points over the NYSE Arca Oil (up 102.9 percent).

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