PPVX with further losses

The PHOTON Photovoltaic Stock Index PPVX suffered further losses last week, falling 3.7 percent to 3,528 points. As its benchmark NYSE Arca Oil lost even more, 7.4 percent, the gap between the two indices narrowed in the year-to-date analysis: at minus 13.3 percent compared to its January 1 level, the PPVX trails the oil stock index (plus 23.9 percent) by 37.1 percentage points.
Solaria Energía reported the highest gains of the week with 11.4 percent, followed by Array Technologies (8.5 percent) and United Renewable Energy (5.8 percent). The most significant price losses were posted by Azure Power (23.8 percent), Canadian Solar (16.1 percent) and Xinte Energy (15.0 percent).
Only two PPVX companies currently have a higher share price than on January 1, namely Meyer Burger (up 28.8 percent) and Flat Glass Group (up 1.7 percent since inclusion in the PPVX on June 25); GCL-Poly’s shares, which are also formally up (61.0 percent), have been suspended from trading since April. Despite significant increases in the last two weeks, the highest price losses since January are still posted by Array Technologies (56.4 percent), followed by Azure Power (54.8 percent) and Soltec (49.6 percent).
The cumulative market value of all PPVX companies is currently around €117.3 billion ($137.0 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,154.2 percent) has a lead of 1,066.4 percentage points over the Arca Oil (up 87.8 percent).
© PHOTON

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