Solar stocks lose significantly

On Friday, the PHOTON Photovoltaic Stock Index PPVX was trading at 4,137 points, down 5.6 percent from a week earlier, whereas its benchmark NYSE Arca Oil gained 1.9 percent. After a recent upward trend, this puts the solar stock index just 1.7 percent above ist January level, and 55.3 percentage points behind the Arca Oil (up 57.0 percent since Jan. 1).
Only four of the 30 PPVX stocks posted price gains last week, the top three were Meyer Burger (3.1 percent), Sino-American Silicon (2.8 percent) and Enlight Renewables (1.7 percent). The highest losses were suffered by Jinko Solar (16.6 percent), Sunrun (13.6 percent) and Xinte Energy (13.3 percent). Compared to their level at the beginning of the year, eleven shares are still up. By far the highest price gains are reported here by GCL Poly (148.0 percent), followed by Enphase (41.0 percent) and West Holdings (38.0 percent). The highest price losses year to date are reported by Scatec (52.2 percent), Azure Power (49.1 percent) and Array Technologies (47.3 percent).
The cumulative market value of all PPVX companies is currently about €147.9 billion ($165.8 billion). In a long-term comparison since the beginning of 2003, the PPVX (up 1,371 percent) has a lead of 1,233 percentage points over the NYSE Arca Oil (up 138 percent).

Related News