PPVX slightly up
Post date: 21/10/2018 - 18:03
Last week, the PHOTON Photovoltaic Stock Index PPVX recorded growth for the first time in a while and closed at 914 points on Friday – 1.4 percent higher than in the previous week. Its reference value NYSE Arca Oil lost 2.9 percent. At minus 23.6 percent since the beginning of the year, the PPVX is (currency-adjusted) 35.7 percentage points behind the oil share index (plus 12.2 percent).
In a long-term comparison since the beginning of 2003, the PPVX with its plus of 224.9 percent is 29.8 percentage points ahead of the Arca Oil (plus 195.1 percent). The total market cap of all PPVX companies is currently around €21.7 billion ($25 billion). Taiwan-based Neo Solar Power now officially trades under the new name United Renewable Energy LLC.
Last week’s best results were achieved by the shares of West Holdings with an increase of 35.2 percent, Scatec Solar (8.6 percent) and Vivint Solar (8.5 percent). As in the previous week, Solaria Energía suffered the most significant price losses (14.9 percent), followed by Meyer Burger (10.9 percent) and Daqo New Energy (10.1 percent).
The top performers since the beginning of the year are Sunrun (plus 115.8 percent), Solaria Energía (56.3 percent) and Vivint Solar (26.2 percent). The highest share price losses since January are currently posted by Panda Green Energy (70.4 per cent), Meyer Burger (69.6 per cent) and Motech (68.9 per cent).