PPVX makes significant gains
Post date: 29/10/2021 - 16:24
After a long time, the PHOTON Photovoltaic Stock Index PPVX recorded a gain last week, namely a very significant 7.9 percent. The index was trading at 3,856 points on Friday, within 5.2 percent of its January 1 level (4,069 points). Its benchmark NYSE Arca Oil gained 1.2 percent, putting it 60.7 percent higher than January 1 and 65.9 percentage points ahead of the solar stocks. In a long-term comparison since the beginning of 2003, the PPVX (up 1,270.6 percent) has a 1,126.9 percentage point lead over the Arca Oil (up 143.7 percent). The cumulative market value of all PPVX companies rose from €119.3 billion to €130.3 billion ($151.1 billion) last week.
27 of the 30 PPVX stocks ended the week with price gains, with Meyer Burger (up 19.8 percent), Sunpower (up 14.9 percent) and SMA (up 14.4 percent) leading the way. Only Beijing Energy International suffered a loss in value (of 3.2 percent), BCPG was unchanged, and GCL Poly’s stock remains suspended from trading.
Meyer Burger also currently leads in year-to-date share price increase with 36.5 percent, followed by Flat Glass Group (27.1 percent) and West Holdings (15.5 percent). The highest share price losses compared to January are currently posted by Array Technologies (56.3 percent), Scatec (55.0 percent) and Soltec (49.6 percent).