PPVX with upward trend

The PHOTON Photovoltaic Stock Index PPVX was able to partially offset the losses of the previous months in the past week and was quoted on Friday at 939 points, 8.9 percent higher than in the previous week. Its reference value NYSE Arca Oil lost slightly by 0.2 percent. At minus 21.5 percent since the beginning of the year, the PPVX is (currency-adjusted) 27.1 percentage points behind the oil stock index with plus 5.6 percent.
Of the 30 PPVX stocks, only two closed last week with price losses: REC Silicon fell significantly by 10.6 percent, Sunpower lost 1.9 percent. China Singyes Solar remained unchanged because the company’s shares (and bonds) have been suspended from trading since mid-October until further notice after a maturing 160 million dollar bond could not be repaid. The highest price gains of the week were achieved by Sino-American Silicon (41.0 percent), Solaria Energía (27.6 percent) and Enphase (22.9 percent).
The top-3-stocks since the beginning of the year are SunRun (plus 122.4 percent), Solaria Energía (62.2 percent) and West Holdings (34.2 percent). Panda Green Energy (69.4 percent), Motech (69.3 percent) and Meyer Burger (66.0 percent) recorded the most significant share price losses since January.
In a long-term comparison since the beginning of 2003, the PPVX with a plus of 233.6 percent is 56.0 percentage points ahead of the NYSE Arca Oil (plus 177.7 percent). The total value of all PPVX companies is currently around €22.0 billion ($25 billion).

Related News