PPVX with modest gain

Although some companies listed in the PHOTON Photovoltaic Stock Index PPVX suffered heavy price losses last week, the index was able to gain a little overall and stood at 1,069 points on Friday, 0.6 percent higher than a week before. Its reference value, the oil stock index NYSE Arca Oil, gained 1.6 percent.
The most significant gains of all PPVX shares last week were recorded by Panda Green Energy (12.5 percent), Solarpack (11.3 percent) and United Renewable Energy (10.3 percent). Shunfeng International suffered by far the highest price losses: After the share had been suspended from trading since December 2018, the price on Friday (HKD 0.31) was 40.4 percent below the last quotation. At minus 19.5 percent, SMA also suffered a slide following the announcement of weak annual figures. GCL-Poly, too, obviously failed to convince investors and lost 11.3 percent.
The highest gains since the beginning of the year are currently recorded by the shares of Enphase (95.1 percent), Jinko Solar (82.0 percent) and Daqo New Energy (41.2 percent), while the highest price losses, beside Shunfeng International’s 40.4 percent, are attributable to Panda Green Energy (25.0 percent) and West Holdings (11.6 percent).
Compared with the NYSE Arca Oil, the PPVX (plus 19.0 percent) has been 4.6 percentage points ahead of the oil stocks (plus 14.4 percent) since the beginning of the year. Since 2003, the PPVX (plus 280.1 percent) has outperformed the Arca Oil (plus 172.3 percent) by 107.8 percentage points. The cumulative market value of all PPVX companies is currently around €27.5 billion ($30.9 billion).
© PHOTON

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