Assessment - Photon Photovoltaik-Aktienindex in Pound sterling - 7/01/24 - RS = 24

 ⇐ 

								⇓instrument	freshest		⇓ Δday	7/01/24	⇓ Δwk	1/15/24	prc diff	⇓ Δ24		∅-RS
						L		SOM Price Index	1,935.047	8/12/24	-1.07	2,047.633	-5.50	2,577.613	-529.979	-20.56		-22.13
						L		First Solar	173.417	8/12/24	3.51	176.169	-1.56	126.002	50.167	39.81		29.56
						L		Nextracker	30.834	8/12/24	-2.01	36.482	-15.48	33.173	3.309	9.97		4.42
						L		Neoen	32.564	8/12/24	-0.10	31.682	2.79	23.461	8.221	35.04		34.04
						L		Grenergy Renovables	29.230	8/12/24	1.32	29.230		27.933	1.297	4.64		28.64
						L		Scatec	6.269	8/12/24	-1.46	6.366	-1.51	5.599	0.767	13.70		20.18
								Encavis	14.424	8/12/24		14.339	0.59	12.212	2.127	17.42		17.65
						L		Sino-American Sili	4.564	8/12/24	0.80	5.389	-15.32	5.045	0.344	6.82		18.53
						L		Voltalia	8.637	8/12/24	-0.97	7.789	10.89	7.430	0.359	4.83		-3.58
						L		GCL Poly Energy	0.115	8/12/24		0.117	-1.72	0.112	0.005	4.46		-8.20
								ReNew Energy Global	4.651	8/12/24	-0.84	4.809	-3.29	5.702	-0.892	-15.65		-0.37
						L		Enphase Energy	86.309	8/12/24	1.16	76.935	12.18	86.562	-9.626	-11.12		-17.80
						L		Enlight Renewable	1,269.152	8/12/24	-3.23	1,179.748	7.58	1,423.887	-244.139	-17.15		-11.57
						L		Sunrun	13.708	8/12/24	-3.13	8.634	58.77	11.859	-3.225	-27.19		-17.65
								West Holdings	10.487	8/09/24	-1.38	12.166	-13.80	16.813	-4.647	-27.64		-21.75
						L		Solaria Energía	9.376	8/12/24	1.47	9.842	-4.74	14.181	-4.339	-30.60		-11.63
						L		United Renewable	0.274	8/12/24	0.89	0.322	-14.72	0.361	-0.040	-11.01		-7.15
						S		Flat Glass	1.183	8/12/24	-3.63	1.165	1.57	1.478	-0.314	-21.21		-30.36
								Altus Power	2.326	8/12/24	-6.96	2.951	-21.18	4.775	-1.824	-38.21		-29.33
								Xinyi Solar	0.358	8/12/24	0.28	0.398	-10.18	0.407	-0.009	-2.13		-25.96
						L		JinkoSolar	14.911	8/12/24	-3.48	16.271	-8.36	23.867	-7.595	-31.82		-30.82
						L		Xinte Energy	0.764	8/12/24	1.62	0.820	-6.91	0.988	-0.168	-16.98		-27.39
						L		Array Tech	5.561	8/12/24	-0.99	7.570	-26.54	11.152	-3.582	-32.12		-39.62
								Daqo New Energy	12.704	8/12/24	-4.74	11.320	12.23	17.969	-6.649	-37.00		-43.77
						L		Canadian Solar	10.442	8/12/24	-2.51	11.082	-5.78	17.545	-6.463	-36.83		-37.13
								⇓instrument	freshest		⇓ Δday	7/01/24	⇓ Δwk	1/15/24	prc diff	⇓ Δ24		∅-RS
								BCPG	0.120	8/09/24		0.135	-11.20	0.188	-0.053	-28.23		-25.48
						S		SMA Solar	18.581	8/12/24	-1.26	22.467	-17.30	43.989	-21.522	-48.92		-55.02
						L		SunPower	0.158	8/12/24	-4.76	2.144	-92.62	2.552	-0.409	-16.01		-32.66
						L		Sunnova Energy	5.237	8/12/24	-4.47	4.137	26.58	9.322	-5.185	-55.62		-35.71
						S		Shoals Technologies	4.058	8/12/24	0.20	4.833	-16.04	10.657	-5.824	-54.65		-54.01
						S		SolarEdge	16.960	8/12/24	1.13	18.961	-10.55	58.305	-39.344	-67.48		-71.10
PPVX - 30 out of 30 instruments rated - 7/01/24 / 1/15/24 - 9 did rise, Market-Ratio(24) in GBP = 30.00 %

 

Technical Chart

	PPVX RS = 24 - B/S = 84/79
1/04/21	scale up chart	7/01/24

 

Transactions Photon Photovoltaik-Aktienindex in Pound sterling * L24 - 84/79 (1)

																⇐
L/S	date buy	date sell	days				instrument	spl	pieces		prc buy	prc sell		prc diff	d %	asset	yield
1/02/06		11/27/06	329				- cash -
long	11/27/06	12/11/06	14				Encavis	100	7,706		1.298	1.293		-0.004	0	9,968	-8
12/11/06		3/19/07	98				- cash -
	3/19/07	4/23/07	35				Beijing Energy	100	666,102		0.015	0.018		0.003	22	12,124	671
4/23/07		5/28/07	35				- cash -
	5/28/07	7/23/07	56				Beijing Energy	100	376,393		0.032	0.223		0.191	593	84,018	> 999,999
7/23/07		10/15/07	84				- cash -
	10/15/07	11/26/07	42				Beijing Energy	100	545,461		0.154	0.130		-0.024	-15	71,017	-77
11/26/07		12/03/07	7				- cash -
	12/03/07	12/24/07	21				Beijing Energy	100	583,336		0.122	0.120		-0.001	-1	70,213	-18
12/24/07		5/04/09	497				- cash -
	5/04/09	6/15/09	42				GCL Poly Energy	100	731,850		0.096	0.196		0.100	104	143,585	50,027
6/15/09		11/01/10	504				- cash -
	11/01/10	12/06/10	35				Beijing Energy	100	1,123,468		0.128	0.133		0.005	4	149,528	53
12/06/10		12/13/10	7				- cash -
	12/13/10	12/27/10	14				Beijing Energy	100	1,117,817		0.134	0.128		-0.006	-4	142,835	-70
12/27/10		1/14/13	749				- cash -
	1/14/13	2/25/13	42				SFCE	100	3,079,314		0.046	0.104		0.057	123	318,767	107,010
2/25/13		4/15/13	49				- cash -
	4/15/13	6/24/13	70				SFCE	100	3,759,155		0.085	0.091		0.007	8	343,613	48
6/24/13		9/02/13	70				- cash -
	9/02/13	3/24/14	203				SFCE	100	1,202,086		0.286	0.655		0.369	129	787,267	344
3/24/14		3/31/14	7				- cash -
	3/31/14	4/07/14	7				SFCE	100	1,124,501		0.700	0.682		-0.018	-3	766,498	-75
4/07/14		4/08/19	1827				- cash -
	4/08/19	4/22/19	14				Enphase Energy	100	97,771		7.840	7.144		-0.696	-9	698,481	-91
4/22/19		6/10/19	49				- cash -
	6/10/19	6/24/19	14				Enphase Energy	100	54,764		12.754	13.723		0.968	8	751,509	574
6/24/19		8/31/20	434				- cash -
	8/31/20	10/08/20	38				Vivint Solar	100	32,565		23.077	33.181		10.104	44	1,080,538	3,172
10/08/20		10/12/20	4				- cash -
	10/12/20	3/29/21	168				Sunrun	100	22,140		48.803	37.659		-11.144	-23	833,803	-43
3/29/21		11/01/21	217				- cash -
	11/01/21	11/08/21	7				GCL Poly Energy	100	2,465,995		0.338	0.256		-0.082	-24	630,522	-100
11/08/21		12/06/25	1489				- cash -
accum	11/27/06	11/08/21	822	days out of 7278 invested (11%)										6,205		630,522	530

instrument	L/S	date buy	date sell	days	prc buy	prc sell		prc diff	d %			total
Beijing Energy	long	3/19/07	4/23/07	35	0.01	0.02		0.00	21.63
		5/28/07	7/23/07	56	0.03	0.22		0.19	593.01
		10/15/07	11/26/07	42	0.15	0.13		-0.02	-15.47
		12/03/07	12/24/07	21	0.12	0.12		-0.00	-1.13
		11/01/10	12/06/10	35	0.13	0.13		0.01	4.14
		12/13/10	12/27/10	14	0.13	0.13		-0.01	-4.48			600.74
SFCE		1/14/13	2/25/13	42	0.05	0.10		0.06	123.17
		4/15/13	6/24/13	70	0.08	0.09		0.01	7.79
		9/02/13	3/24/14	203	0.29	0.65		0.37	129.11
		3/31/14	4/07/14	7	0.70	0.68		-0.02	-2.64			436.63
GCL Poly Energy		5/04/09	6/15/09	42	0.10	0.20		0.10	104.50
		11/01/21	11/08/21	7	0.34	0.26		-0.08	-24.38			54.64
Vivint Solar		8/31/20	10/08/20	38	23.08	33.18		10.10	43.78			43.78
Encavis		11/27/06	12/11/06	14	1.30	1.29		-0.00	-0.32			-0.32
Enphase Energy		4/08/19	4/22/19	14	7.84	7.14		-0.70	-8.87
		6/10/19	6/24/19	14	12.75	13.72		0.97	7.59			-1.96
Sunrun		10/12/20	3/29/21	168	48.80	37.66		-11.14	-22.84			-22.84

Annotations

4/22/24	PPVX			Voltalia replaces Meyer Burger
11/13/23	PPVX			Altus Power replaces Maxeon
2/10/23	PPVX			Nextracker replaces Beijing Energy
2/06/23	Enlight Renewable			reverse split 10:1 (one for ten)
9/25/22	PPVX			Maxeon Solar Technologies replaces Azure Power Global
10/29/21	PPVX			ReNew Energy Global replaces Soltec Power
7/29/21	United Renewable			reverse stock split 0.5658:1
7/23/21	PPVX			Xinte Energy replaces Maxeon
6/25/21	PPVX			Enlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
4/01/21	GCL Poly Energy			suspended
2/05/21	PPVX			Shoals Technologies Group replaces SPCG
1/25/21	PPVX			Grenergy Renovables and ReneSola replace Motech Industries and Shinsung E&G
11/17/20	Daqo New Energy			stock split 1:5 (five for one)
10/31/20	PPVX			Soltec Power replaces REC Silicon
10/23/20	PPVX			Array Technologies and REC Silicon replace 7C Solarparken and Tainergy
10/08/20	PPVX			Tainergy Tech replaces Vivint Solar (acquired by Sunrun)
9/21/20	PPVX			Motech Industries and Shinsung E&G replace China Shuifa Singyes and Thai Solar Energy
3/27/20	PPVX			China Singyes Solar and Edisun Power Europe replace Motech and Terraform Power
12/28/19	PPVX			Motech replaces SFCE
11/08/19	PPVX			Neoen replaces REC Silicon
7/29/19	PPVX			Sunnova replaces Shinsung E&G
2/16/19	PPVX			7C Solarparken replaces China Singyes Solar
12/10/18	PPVX			SFCE and Solarapack replace Motech Industries and Green Energy Technology
10/01/18	PPVX			Thai Solar Energy returns for Gintech Energy (merger with Neo Solar Power)
7/20/18	PPVX			West Holdings replaces JA Solar
7/17/18	PPVX			JA Solar exits due to becoming private (mergered with JASO Acquisition Holding as wholly owner)
6/25/18	Green Energy T			returns replacing 8point3
6/21/18	8point3			drops out due to acquisition by Capital Dynamics
5/18/18	PPVX			Enphase Energy replaces Thai Solar Energy PCL (exit due to low stock market value)
2/27/18	Capital Stage			renames into Encavis (ENergy + CApital + VISion)
2/16/18	PPVX			Solaria Energía replaces SFCE (market value falls below exit threshold)
12/30/17	PPVX			Vivint Solar replaces TerraForm Global (acquired by Brookfield Asset Management)
8/11/17	PPVX			Shinsung E&G replaces Green Energy Technology
3/14/17	PPVX			Azure Power Global replaces Trina Solar
11/25/16	PPVX			Thai Solar Energy replaces SolarCity (acquired by Tesla)
11/04/16	PPVX			SPCG replaces SPI
10/08/16	Chorus			is replaced by BCPG
8/08/16	Capital Stage			acquires Chorus Clean Energy
6/03/16	PPVX			complete analysis - all techniques have been refreshed using new market composition
6/02/16	Solarenergie			Change Of Composition This market matches the PPVX (Photon Photovoltaiics Stock Index) regarding composition now. The PPVX is a cooperation of PHOTON International GmbH, Berlin and Öko-Invest-Verlags-GmbH, Vienna. The index here is not the original PPVX but the Share-o-matic standard index, an equal weighted price index in USD starting in 2005 at 100 points. The standard techniques have been re-calculated, best practice analysis is in progress.
1/01/16	Sunrun			recording started
8/18/15	Solarenergie			complete analysis
7/01/15	Scatec Solar			monitoring started
3/14/15	Solar Energy			first complete analysis

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