Solar stock index PPVX closes 2020 with plus 176 percent
Post date: 05/01/2021 - 11:40
The PHOTON Photovoltaic Stock Index PPVX has closed 2020 at 4,068.7 points. Compared to the 1,471.1 points on January 1, 2020, this represents an increase of 176.6 percent. In contrast, the PPVX reference value NYSE Arca Oil closed the year down 43 percent at 57 percent of its January 2020 level.
Of the 30 public PV companies with the world’s highest market capitalization listed in the PPVX, only two ended the year with a share price loss, namely Thai solar power plant operator BCPG Public Co. Ltd. (down 12.3 percent) and Taiwanese supplier of cells, modules and complete systems Motech Industries Inc. (7.2 percent).
All other PPVX companies saw their stock market value rise over the past year. Eighteen of the 30 stocks listed in the index at least doubled in value, eleven of them more than tripled, and of these, six more than quadrupled. The three top performers of the year recorded even higher increases in value: The share of U.S. inverter and storage system manufacturer Enphase Energy Inc. reached plus 571.5 percent, followed by Chinese silicon and wafer producer Daqo New Energy Corp. (460.2 percent) and U.S. provider of complete systems and financing solutions Sunrun Inc. (402.4 percent.