PPVX increased by 63.8 percent in 2019
Post date: 22/01/2020 - 09:40
The PHOTON Photovoltaic Stock Index PPVX was quoted at 1,484 points on 31 December, thus closing the year 2019 with a gain of 63.8 percent. Its benchmark NYSE Arca Oil gained only 12.0 percent, 52.8 percentage points from the PPVX. In a long-term comparison since 2003, the solar stocks have gained 422.9 per cent, 256.3 percentage points ahead of the oil index (plus 166.7 percent).
By far the highest value increase of all PPVX companies in 2019 was achieved by Enphase Energy (452.4 percent), followed by SolarEdge (170.9 percent) and Jinko Solar (127.4 percent). The highest losses of the year 2019 were suffered by Panda Green Energy (60.4 percent), Meyer Burger (37.5 percent) and GCL-Poly (36.2 percent). Only two other stocks (Sunnova with -2.4 percent and United Renewable Energy with -2.2 percent) ended the year with a negative balance, while in addition to the three leaders, three other companies more than doubled their market value (Daqo New Energy with +118.8 percent, SMA with +108.3 percent and Xinyi Solar with +101.1 percent).
Last Friday, the PPVX closed at 1,504 points, 1.4 percent higher than a week earlier (December 27). The NYSE Arca Oil gained 0.3 percent. The highest price gains of the week were posted by GCL-Poly (13.8 percent), Enphase (9.5 percent) and SolarEdge (8.6 percent), while the highest price losses were recorded by Panda Green Energy (9.5 percent), SunPower (7.5 percent) and Meyer Burger (1.6 percent). The cumulative market value of all PPVX companies currently amounts to around €43.0 billion ($48.1 billion). Jinko Solar’s weighting factor for the index calculation has been increased from 3 to 4 points (for companies with a market value from €800 million up to €3.2 billion).