PPVX down 4.6 percent

The PHOTON Photovoltaic Stock Index PPVX fell 4.6 percent last week to 3,363 points. Its benchmark NYSE Arca Oil lost 0.8 percent. At minus 21.1 percent year-to-date, the PPVX trails the oil stock index (up 41.1 percent) by 62.2 percentage points in constant currency.
Xinyi Solar (7.8 percent), Grenergy (5.3 percent) and Encavis (1.9 percent) posted the week's highest gains, while the highest losses were suffered by Array Technologies (43.9 percent), Shoals Technologies (19.8 percent) and Soltec (15.5 percent). The top stocks year-to-date are Daqo New Energy, up 25.1 percent, and Meyer Burger (18.7 percent). All other PPVX stocks are currently down from their Jan. 1 levels, with Renesola (77.6 percent), Array Technologies (67.0 percent) and Azure Power (50.7 percent) leading the way. GCL-Poly’s stock, while listed in the overview as up 61.0 percent from the beginning of the year, has been suspended from trading since early April.
The cumulative stock market value of all PPVX companies is currently around €91.6 billion ($110.6 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,040.7 percent) has a lead of 926.8 percentage points over the NYSE Arca Oil (up 114.0 percent).

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