PPVX down 6.7 percent

The PHOTON Photovoltaic Stock Index PPVX lost 6.7 percent last week and stood at 901 points on Friday. Its reference value NYSE Arca Oil also suffered significant losses of minus 6.1 percent. At minus 24.7 percent since the beginning of the year, the PPVX is now 40.1 percentage points (currency-adjusted) behind the oil shares (plus 15.5 percent).
Only four PPVX stocks closed the week with a plus: Solaredge (3.7 percent), BCPG and Enphase (2.0 percent each) and Canadian Solar (0.4 percent). Among the losers of the week, Solaria Energía stands out in particular: the company lost almost a third of its market value with minus 29.4 percent. China Singyes Solar (minus 17.9 percent) and Panda Green Energy (minus 17.6 percent) also suffered extreme losses, and a further four stocks (Motech, Shinsung E&G, REC Silicon, Neo Solar) posted double-digit price losses.
In a comparison since January 1, Solaría Energía lost its first place after the extreme losses of the past week and is now – with a plus of 83.7 percent – clearly behind Sunrun (107.1 percent). Vivint Solar is far behind in third place (16.3 percent). Panda Green Energy (71.4 percent), Motech (66.8 percent) and Meyer Burger (65.9 percent) are currently recording the most severe price losses since January.
In a long-term comparison since the beginning of 2003, the PPVX with its plus of 220.3 percent is only 16.5 percentage points ahead of the NYSE Arca Oil (plus 203.7 percent). The total market value of all PPVX companies is currently around €21.1 billion ($24.4 billion).
© PHOTON

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