PPVX down 6.3 percent
Post date: 18/01/2021 - 15:12
The PHOTON Photovoltaic Stock Index PPVX fell 6.3 percent last week to 4,326 points. Its benchmark NYSE Arca Oil gained 2.5 percent. Up 6.3 percent year-to-date, the PPVX trails the oil stock index (up 12.3 percent) by 6.0 percentage points. In a long-term comparison since the beginning of 2003, the solar stocks (plus1,437.8 percent) have a lead of 1,367.5 percentage points over the oil stocks (plus 70.3 percent). The cumulative market cap of all PPVX companies is currently around €128.6 billion ($156.2 billion).
Last week’s top 3 stocks are SunPower, up 9.1 percent, BCPG (2.0 percent) and Maxeon (1.4 percent), while the highest price losses were recorded by Solaredge (20.7 percent), Solarpack (15.6 percent) and Xinyi Solar (15.1 percent). The top year-to-date-performers are Maxeon, up 28.2 percent, Daqo New Energy (25.5 percent) and SunPower (24.6 percent). The highest price losses from January levels are currently posted by Beijing Energy International (16.1 percent), SolarEdge (11.6 percent) and Solarpack (9.7 percent).
The market capitalization of several PPVX companies has been above the respective thresholds for their weighting in the index calculation for some time, which is why the number of weighting points has been increased accordingly: in the case of Solarpack and Soltec from three to four points (corresponding to a market value of more than €800 million), in the case of Sunpower to five (more than €3.2 billion), and Xinyi Solar is now (despite the recent price losses) the single member of the highest weighting category of six points (stock market value of more than €12.8 billion).