PPVX records another weekly loss
Post date: 28/02/2021 - 10:56
As on February 19, the PHOTON Photovoltaic Stock Index PPVX once more recorded a significant decline last Friday (February 26): at 4,357 points, the index was still 7.1 percent higher than at the beginning of the year, but had lost 9.7 percent on a weekly basis. Its benchmark NYSE Arca Oil, on the other hand, posted gains, as it had the previous week, rising 2.8 percent. Compared with their Jan. 1 level, the oil stocks thus have a plus of 25.1 percent, 18 percentage point ahead of the PPVX. In a long-term comparison since the beginning of 2003, the PPVX (up 1,448.8 percent) has a 1,359.1 percentage point lead over the oil stocks (up 89.7 percent). The cumulative market value of all PPVX companies is currently about €123.9 billion ($151.1 billion).
The top 3 stocks year-to-date are GCL-Poly, up 131.7 percent, Daqo New Energy (81.7 percent) and Sunpower (35.6 percent), while the largest price losses from January levels are recorded by Renesola (55.5 percent since joining the PPVX on Jan. 22), Soltec (39.2 percent) and West Holdings (37.1 percent). During the past week, only United Renewable Energy posted a gain (6.0 percent). The most significant price losses were posted by Soltec (28.9 percent), West Holdings (22.8 percent) and Shoals Technologies (18.8 percent).