The PHOTON Photovoltaic Stock Index (PPVX) rose by 3.1 percent to 1,077 points last week and the NYSE Arca Oil by 3.8 percent. Since the beginning of 2017, the PPVX has grown by 11.8 percent, 30.7 percentage points ahead of the oil share index (-18.9 percent).
Best performers since the beginning of the year were Solaredge Technologies (+116.9 percent), Meyer Burger Technology AG (+107.5 percent) and Sino-American Silicon (+99.7 percent). The shares of China Singyes Solar (-22.7 percent), Azure Power Global (-17.3 percent) and Motech Industries (-16.6 percent) suffered the highest losses since January.
The week's biggest winners were Shunfeng International (+34.3 percent), GCL Poly (+14.6 percent) and Sino-American Silicon (+13.8 percent), the biggest losers SMA Solar Technology (-11.1 percent), Terraform Global (-5.9 percent) and Sunrun (-4.5 percent).
The market capitalization of PPVX amounts to around €24.6 billion ($29.3 billion). Since the beginning of 2003, the PPVX has risen 283 percent and is 153 percentage points ahead of Arca Oil (+130 percent).
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