PV stocks continue to rise

The PHOTON Photovoltaic Stock Index PPVX was able to leave its losses suffered due to the Corona Pandemic behind it further last week and rose by 1.0 percent to a new annual high of 2,005 points. Before the pandemic, the index had reached 1,9007 points in mid-February, only to fall to its lowest point for the year of 1,164 points by mid-March, almost 20 percent below the level at the beginning of the year. Meanwhile, however, the PPVX is 36.3 percent higher than on January 1. Its reference value NYSE Arca Oil gained 0.9 percent last week, but is still 41.0 percent below its level at the beginning of the year.
The most significant price gains last week were made by Daqo New Energy (22.4 percent), Panda Green Energy (13.6 percent) and Vivint Solar (11.4 percent), while the largest losses were suffered by China Shuifa Singyes (9.8 percent), Jinko Solar (7.0 percent) and Sino-American Silicon (6.7 percent).
The highest price gains since January are currently being recorded by Vivint Solar (209.9 percent), SunRun (196.8 percent) and Enphase (128.3 percent). The highest share price deficits are posted by Meyer Burger (49.5 per cent), GCL-Poly (26.7 per cent) and SMA (22.2 per cent).
The cumulative market capitalisation of all PPVX companies currently amounts to approximately €47.0 billion ($54.5 billion). In a long-term comparison since the beginning of 2003, the PPVX has risen by 612.9 percent, 555.5 percentage points ahead of the NYSE Arca Oil (plus 57.4 percent). © PHOTON

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