PPVX down 3.3 percent
Post date: 24/03/2019 - 19:12
The in part hefty market reactions to the quarterly figures of some important stocks in the PHOTON Photovoltaic Stock Index PPVX did not remain without effect on the overall picture: The index lost 3.3 percent last week and listed at 1,063 points on Friday. Its comparative value NYSE Arca Oil also lost, but only 1.0 percent. Since January, the PPVX (plus 18.4 percent) has outperformed the oil stock index (plus 12.6 percent) by 5.8 percentage points on a currency-adjusted basis. Since the beginning of 2003, the solar stocks (plus 278.0 percent) have had a lead of 110.0 percentage points over the Arca Oil (plus 168.0 percent). The cumulative market value of all PPVX companies is currently around €27.3 billion ($30.8 billion).
Of the eight PPVX companies that closed the week with a plus, the most significant gains were accounted for by Terraform Power (8.7 percent), REC Silicon (8.0 percent) and Sino-American Silicon (5.2 percent). The highest price losses of the week were suffered by Canadian Solar (19.5 percent), Panda Green Energy and Meyer Burger (both 11.1 percent). The highest price gains since the beginning of the year are currently posted by Enphase (94.3 percent), Jinko Solar (73.3 percent) and Xinyi Solar (37.1 percent), the highest losses by Panda Green Energy (33.3 percent), West Holdings (7.5 percent) and 7C Solarparken (2.8 percent).