The PHOTON Photovoltaic Stock Index PPVX was 1,190 points on Friday, 2.5 percent higher than a week earlier. However, after several weeks of losses, the index is still 0.5 percent lower than at the beginning of the year. Its reference value, NYSE Arca Oil, on the other hand, rose strongly last week, gained 5.5 percent and is now 2.6 percent higher than on January 1. Since the beginning of 2003, the PPVX has recorded an increase of 323.0 percent and is 153.2 percentage points ahead of the oil stock index (plus 169.8 percent). The cumulative market value of all PPVX companies currently amounts to €29.4 billion ($36.3).
Last week's highest price gains were achieved by Sino-American Silicon (23.2 percent), Panda Green Energy (10.7 percent) and Scatec Solar (10.4 percent), while Daqo New Energy (7.5 percent), Azure Power Global (3.8 percent) and TerraForm Power (1.2 percent) suffered the highest losses.
The highest increases since the beginning of the year were recorded by Sino-American Silicon (70.4 percent), SolarEdge (44.2 percent) and Sunrun (44.1 percent), while the highest losses were recorded by GCL-Poly (27.9 percent), Meyer Burger (27.3 percent) and Thai Solar Energy (26.4 percent).
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