PPVX loses significantly
Post date: 18/07/2021 - 20:16
The PHOTON Photovoltaic Stock Index PPVX has given back a good part of its recent gains. Last week, the index fell by 5.7 percent and was quoted at 3,632 points on Friday. Its benchmark NYSE Arca Oil lost even more, falling 8.4 percent (to 854.6 points). Compared to its level at the beginning of the year, the PPVX is down 10.7 percent, while Arca Oil is up 32.5 percent, 43.2 percentage points ahead.
Only five of the 30 PPVX stocks ended the week with price gains, the most notable being Sino-American Silicon (10.7 percent), BCPG (5.1 percent) and West Holdings (8.8 percent). The highest price losses of the week were suffered by Shoals Technologies (23.4 percent), SunPower (18.9 percent) and Maxeon (18.7 percent).
Meyer Burger (up 42.1 percent), Daqo New Energy (up 18.2 percent) and Sino-American Silicon (up 10.4 percent) are currently posting the highest year-to-date gains, while Array Technologies (down 63.1 percent), Soltec (down 46.6 percent) and Neoen (down 40.8 percent) suffered the highest losses. GCL-Poly (up 61.0 percent through April) remains suspended from trading. For Xinyi Solar, the weighting applicable for index calculation was increased from 5 to the maximum of 6 points (for companies with a market cap of more than €12.8 billion; $15.1 billion).
The cumulative stock market value of all PPVX companies is currently around €116.7 billion ($137.9 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,191.1 percent) has a lead of 1,090.2 percentage points over the NYSE Arca Oil (up 100.9 percent).