PPVX still soaring high
Post date: 29/11/2020 - 19:46
During the past week, the PHOTON Photovoltaic Stock Index PPVX rose again very significantly by 8.4 percent to 3,555 points. Its reference value NYSE Arca Oil also climbed steeply by 8.1 percent (to 669 points). Since January, the PPVX has now risen by 141.6 percent and is thus 182.7 percentage points ahead of the oil stock index, which is still 41.0 percent away from its level at the beginning of the year. In a long-term comparison since the beginning of 2003, the PPVX (plus 1,163.5 percent) has a lead of 1,106.3 percentage points over the oil stocks (plus 57.2 percent). The cumulative market value of all PPVX companies is currently around €105.6 billion ($125.8 billion).
Only one of the 30 PPVX stocks recorded a price loss last week: Solaria Energía fell slightly by 0.3 percent. Beijing Energy International and Soltec Power remained unchanged. All other shares gained, ten of them even double-digit. The top trio is made up of Maxeon (plus 39.2 percent), Sunnova (29.4 percent) and Azure Power (16.5 percent).
The top three stocks since the beginning of the year are Enphase with a price gain of 437.9 percent, Sunrun (383.3 percent) and SunPower (353.2 percent). Nine other PPVX companies have at least doubled their market capitalization since January 1. In contrast, only two shares have lost value since the beginning of the year, namely BCPG (10.5 percent) and Motech (3.5 percent since inclusion in the index on September 18).