PPVX slightly downwards
Post date: 20/11/2021 - 17:14
Last week, the PHOTON Photovoltaic Stock Index PPVX remained almost unchanged, trading at 4,382 points on Friday, down 0.2 percent from the previous week. Its benchmark NYSE Arca Oil lost 3.7 percent. At plus 7.7 percent year-to-date, the PPVX trails the oil stock index (plus 54.1 percent) by 46.4 percentage points.
GCL-Poly (up 11.1 percent), West Holdings (up 6.7 percent) and Enphase (up 6.4 percent) posted the highest gains for the week, while Daqo New Energy (down 8.5 percent), Azure Power (down 8.0 percent) and SMA (down 7.8 percent) suffered the biggest losses. The highest price gains year-to-date are currently reported by GCL-Poly (168.3 percent), Enphase (52.6 percent) and West Holdings (41.2 percent), while the highest price losses from January levels are posted by Scatec (51.9 percent), Azure Power (44.8 percent) and Array Technologies (42.7 percent).
The cumulative market value of all PPVX companies is currently around €158.0 billion ($178.8 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,461 percent) has a lead of 1,324 percentage points over the NYSE Arca Oil (up 134 percent).