PPVX with slight growth
Post date: 29/06/2019 - 17:47
The PHOTON Photovoltaic Stock Index PPVX rose last week for the sixth time in a row, but only slightly by 0.7 percent to 1,243 points. With plus 0.1 percent, the PPVX reference value NYSE Arca Oil remained virtually unchanged. Since the beginning of the year, the PPVX (plus 38.4 percent) is 27.7 percentage points ahead of the oil share index (plus 10.7 percent). In a long-range comparison since the beginning of 2003, the solar stocks (plus 341.9 percent) have a lead of 178.3 percentage points over the oil stocks (plus 163.6 percent).
Last week’s highest price gains have been posted by Thai Solar Energy (18.9 percent), Solaria Energía (11.1 percent) and BCPG (6.8 percent), while the highest price losses have been suffered by Shunfeng International (3.2 percent), West Holdings (7.3 percent) and Panda Green Energy (17.9 percent). The highest price gains since the beginning of the year are currently recorded by Enphase (285.4 percent), Jinko Solar (119.3 percent) and SunPower (115.1 percent), the most significant price losses are attributable to Panda Green Energy (52.1 percent), Shunfeng International (42.3 percent) and West Holdings (13.0 percent).
The current cumulative market value of all PPVX companies is around €33.3 billion ($37.8 billion), €400 million ($455 million) more than in the previous week).