PPVX with significant losses
Post date: 29/10/2018 - 10:18
After some slight gains in the past week, the PHOTON Photovoltaic Stock Index PPVX suffered heavy losses last week. At 862 points on Friday, the index was 5.7 percent below the previous week’s level. Its reference value NYSE Arca Oil also lost 5.7 percent. At minus 27.9 percent since the beginning of the year, the PPVX has been 33.7 percentage points down on the oil share index (plus 5.8 percent).
Only three PPVX stocks closed last week with price gains, with REC Silicon making a spectacular jump of 37.4 percent. West Holdings gained 7.3 percent and Xinyi Solar 4.4 percent. Sino-American Silicon (minus 23.8 percent), Solaria Energía (18.7 percent) and Jinko Solar (16.4 percent) suffered particularly heavy losses. Eight other stocks had double-digit losses.
Since the beginning of the year, Sunrun (plus 93.9 percent) leads ahead of Solaria Energía (27.1 percent) and West Holdings (24.1 percent). Motech (minus 73.2 percent), Meyer Burger and Panda Green Energy (both 70.4 percent) are currently recording the highest price losses since January.
In a long-term comparison since the beginning of 2003, the PPVX with a plus of 206.4 percent is 27.9 percentage points ahead of the NYSE Arca Oil (plus 178.4 percent). The total value of all PPVX companies is currently around €20.1 billion ($22.9 billion).