PPVX down 8.3 percent
Post date: 20/02/2021 - 15:34
After significant recent gains, the PHOTON Photovoltaic Stock Index PPVX fell 8.3 percent last week to 4.825 points on Friday. In contrast, its benchmark NYSE Arca Oil rose 4.2 percent. At plus 18.6 percent year-to-date, the PPVX is now trailing the oil stock index (plus 21.6 percent) for the first time this year. In a long-term comparison since the beginning of 2003, the PPVX (plus1,615.0 percent) has a lead of 1,530.5 percentage points over the oil stocks (plus 84.5 percent). The cumulative market value of all PPVX companies is currently around €138.2 billion ($166.8 billion).
The top 3 stocks year-to-date are GCL-Poly with a gain of 151.2 percent, Daqo New Energy (82.7 percent) and SunPower (47.3 percent), while the highest price losses from January levels were suffered by Renesola (46.9 percent since joining the PPVX on Jan. 22), Solarpack (26.7 percent) and Scatec (20.8 percent). Last week's highest price gains are posted by Meyer Burger (20.4 percent), United Renewable Energy (8.5 percent) and Sino-American Silicon (7.7 percent), the biggest losses were suffered by Renesola (23.6 percent), Maxeon (18.3 percent) and Sunrun (18.1 percent).