PPVX further upwards
Post date: 04/02/2019 - 11:21
Last week, the PHOTON Photovoltaic Stock Index PPVX recorded a gain for the sixth time in a row. On Friday it was quoted at 1,045 points, 2.8 percent higher than a week earlier. Its reference value NYSE Arca Oil rose by 1.6 percent. Since the beginning of the year, the PPVX (plus 16.3 percent) is currently 4.9 percentage points ahead of the oil stocks (plus 11.4 percent). Since the beginning of 2003, the solar shares (plus 271.6 percent) are 106.4 percentage points ahead of the Arca Oil (plus 165.2 percent). The cumulative market capitalisation of all PPVX companies is currently around €26.0 billion ($29.8 billion).
Six of the 30 PPVX companies recorded price losses last week, with Shinsung E&G (6.8 percent), First Solar (2.9 percent) and Solarpack (2.4 percent) posting the most significant decrease. The highest price gains were achieved by GCL Poly (24.1 percent), Thai Solar Energy (17.6 percent) and Azure Power (15.6 percent).
Compared to the beginning of the year, only three PPVX stocks are currently down, but in two cases – China Singyes Solar with minus 53.0 percent and Panda Green Energy with 18.8 percent – to en extremedegree; the West Holdings share has lost 6.0 percent since January. The highest price gains since the beginning of the year are recorded by Jinko Solar (53.2 percent), Daqo New Energy (48.6 percent) and Enphase (48.0 percent).