PPVX with significant losses

In the past week, the PHOTON Photovoltaic Stock Index PPVX has relinquished part of its gains achieved in the previous weeks and at 1,069 points on Friday was 5.7 percent lower than a week earlier. Its reference value NYSE Arca Oil also lost, albeit less significantly at 3.2 percent.
Only three PPVX stocks made a profit last week: Shinsung E&G (9.4 percent), United Renewable Energy (2.1 percent) and Encavis (0.8 percent). Jinko Solar (19.9 percent), Meyer Burger (16.7 percent) and Daqo New Energy (16.2 percent) suffered the highest price losses.
The highest price gains since the beginning of the year are currently recorded by Enphase (78.9 percent), Jinko Solar (68.5 percent) and Canadian Solar (60.9 percent). At present, only three PPVX stocks are down compared to January 1: Panda Green Energy (22.9 percent), West Holdings (14.0 percent) and 7C Solarparken (1.8 percent since admission to the PPVX on 15 February).
The cumulative market capitalisation of all PPVX companies is currently around €27.1 billion ($30.4 billion). With an increase of 19.0 percent since the beginning of the year, the solar stock index is (currency-adjusted) 9.3 percentage points ahead of the Arca Oil (plus 9.7 percent). Since the beginning of 2003, the PPVX (plus 280.0 percent) has outperformed the oil stocks (plus 161.1 percent) by 119.0 percentage points.
© PHOTON

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