PPVX exceeds the 1,000 point mark
Post date: 27/01/2019 - 20:45
The PHOTON Photovoltaic Shares Index PPVX gained 2.7 percent in the past week and, at 1,017 points on Friday, was exceeded the 1,000 point mark for the first time since September 2018. Its comparative value NYSE Arca Oil lost 1.2 percent. Since the beginning of the year, the PPVX (plus 13.2 percent) is thus 3.7 percentage points ahead of the oil stocks (plus 9.5 percent). Since the beginning of 2003, the solar shares (plus 261.4 percent) are currently 100.7 percentage points ahead of the Arca Oil (plus 160.7 percent). The cumulative market value of all PPVX companies is currently around €25.5 billion ($29.1 billion).
Thai Solar Energy (20.2 percent), Jinko Solar (20.0 percent) and SMA (18.7 percent) achieved the highest price gains last week. The highest losses were suffered by China Singyes Solar (54.0 percent), which has been suspended from trading since October 2018 and is now listed at its current price again for the first time, as well as REC Silicon (21.7 percent) and West Holdings (7.9 percent). Jinko Solar (54.1 percent), Daqo New Energy (47.6 percent) and Enphase (42.1 percent) are currently posting the highest price gains since January 1. The highest price losses have been suffered by China Singyes Solar (54.0 percent), Panda Green Energy (18.8 percent) and West Holdings (9.4 percent).