PPVX down five percent
Post date: 07/12/2020 - 13:58
After recent strong gains, the PHOTON Photovoltaic Stock Index PPVX lost 5.0 percent last week and closed at 3,378 points on Friday. Its reference value NYSE Arca Oil rose by 2.6 percent (to 686 points). Compared to the beginning of the year, however, the PPVX still stands at plus 129.6 percent, thus being 169.1 percentage points ahead of the oil stock index (minus 39.5 percent). In a long-term comparison since the beginning of 2003, the PPVX (plus 1,100.9 percent) has a lead of 1,039.6 percentage points over the oil stocks (plus 61.3 percent). The cumulative market capitalization of all PPVX companies is currently around €105.6 billion ($128.1 billion).
In the share price development of the past week, GCL-Poly stands out with a plus of 52.5 percent, followed by Soltec (27.0 percent) and Sino-American Silicon (22.6 percent). The gighest price losses of the wekk have been suffered by Array Technologies (27.6 percent), Jinko Solar (15.2 percent) and Sunrun (13.5 percent).
The top 3 stocks since the beginning of the year are Enphase with a price gain of 399.3 percent, Sunrun (317.9 percent) and Sunpower (309.2 percent). Only three companies are currently down on the January level, namely Array Technologies (18.8 percent since inclusion in the PPVX on October 23), BCPG (8.6 percent) and Motech (7.5 percent since inclusion in the PPVX on September 18).