PPVX starts the new year with plus 3.8 percent
Post date: 06/01/2019 - 15:00
The PHOTON Photovoltaic Stock Index PPVX closed 2018 with a heavy loss of 22.0 percent. Its comparative value NYSE Arca Oil was also down, but lost significantly less (4.6 percent).
By contrast, the PPVX began the new year with a significant rise. On Friday it stood at 933 points, 4.0 percent above its level a week earlier and 3.8 percent higher than on January 1. The NYSE Arca Oil rose 5.8 percent last week and has gained 5.5 percent since January 1.
Last week’s highest price gains were achieved by Solaria Energía (15.5 percent), Canadian Solar (13.2 percent) and Jinko Solar (11.2 percent), while the highest losses were suffered by Panda Green Energy (4.2 percent), Azure Power (3.6 percent) and GCL-Poly (2.1 percent). Solaria Energía (16.6 per cent), Canadian Solar (14.2 per cent) and Jinko Solar (10.5 per cent) are currently recording the highest price gains since January 1, while Azure Power (5.2 per cent), Sunrun (4.7 per cent) and Panda Green Energy (4.2 per cent) are posting the highest losses.
The current cumulative market value of all PPVX companies is around €23.3 billion ($26.5 billion). In a long-term comparison since 2003, the PPVX with a plus of 231.6 percent is 80.6 percentage points ahead of the NYSE Arca Oil (plus 151.0 percent).