Assessment - Photon Photovoltaik-Aktienindex in Swiss Franc - 1/07/24 - RS = 45

 ⇐ 

								instrument	freshest		⇓ Δday	1/07/24	⇓ Δwk	21/08/23	prc diff	⇓ Δ45		⇓∅-RS
						L		SOM Price Index	2,210.501	12/08/24	-1.07	2,339.115	-5.50	3,321.229	-982.114	-29.57		-20.43
								Altus Power	2.657	12/08/24	-6.96	3.371	-21.18	5.367	-1.996	-37.19		-27.88
						L		Array Tech	6.353	12/08/24	-0.99	8.648	-26.54	18.216	-9.569	-52.53		-38.33
								BCPG	0.137	9/08/24		0.154	-11.20	0.250	-0.096	-38.36		-23.95
						L		Canadian Solar	11.928	12/08/24	-2.51	12.660	-5.78	27.017	-14.357	-53.14		-35.80
								Daqo New Energy	14.512	12/08/24	-4.74	12.931	12.23	30.557	-17.626	-57.68		-42.51
								Encavis	16.477	12/08/24		16.380	0.59	12.753	3.627	28.44		20.44
						L		Enlight Renewable	1,449.816	12/08/24	-3.23	1,347.686	7.58	1,472.500	-124.814	-8.48		-9.56
						L		Enphase Energy	98.595	12/08/24	1.16	87.887	12.18	114.323	-26.436	-23.12		-15.88
						L		First Solar	198.102	12/08/24	3.51	201.247	-1.56	159.591	41.656	26.10		32.69
						S		Flat Glass	1.351	12/08/24	-3.63	1.331	1.57	2.188	-0.857	-39.18		-28.66
						L		GCL Poly Energy	0.132	12/08/24		0.134	-1.72	0.146	-0.011	-7.88		-6.02
						L		Grenergy Renovables	33.391	12/08/24	1.32	33.391		23.428	9.962	42.52		31.52
						L		JinkoSolar	17.033	12/08/24	-3.48	18.588	-8.36	29.960	-11.372	-37.96		-29.33
						L		Neoen	37.200	12/08/24	-0.10	36.192	2.79	25.382	10.810	42.59		37.14
						L		Nextracker	35.223	12/08/24	-2.01	41.675	-15.48	32.709	8.967	27.41		6.86
								ReNew Energy Global	5.313	12/08/24	-0.84	5.494	-3.29	5.103	0.391	7.66		1.79
						L		Scatec	7.162	12/08/24	-1.46	7.272	-1.51	6.051	1.221	20.17		22.93
						S		Shoals Technologies	4.636	12/08/24	0.20	5.521	-16.04	16.794	-11.272	-67.12		-53.15
						L		Sino-American Sili	5.214	12/08/24	0.80	6.156	-15.32	4.220	1.936	45.88		21.23
						S		SMA Solar	21.227	12/08/24	-1.26	25.666	-17.30	70.017	-44.351	-63.34		-54.02
						S		SolarEdge	19.374	12/08/24	1.13	21.660	-10.55	143.167	-121.507	-84.87		-70.52
						L		Solaria Energía	10.710	12/08/24	1.47	11.243	-4.74	12.476	-1.232	-9.88		-9.85
						L		Sunnova Energy	5.982	12/08/24	-4.47	4.726	26.58	11.181	-6.455	-57.73		-34.64
						L		SunPower	0.181	12/08/24	-4.76	2.449	-92.62	6.254	-3.805	-60.84		-31.31
								instrument	freshest		⇓ Δday	1/07/24	⇓ Δwk	21/08/23	prc diff	⇓ Δ45		⇓∅-RS
						L		Sunrun	15.660	12/08/24	-3.13	9.863	58.77	12.121	-2.258	-18.63		-15.85
						L		United Renewable	0.313	12/08/24	0.89	0.367	-14.72	0.448	-0.081	-18.01		-5.16
						L		Voltalia	9.867	12/08/24	-0.97	8.898	10.89	14.999	-6.102	-40.68		-1.41
								West Holdings	11.979	9/08/24	-1.38	13.898	-13.80	14.700	-0.803	-5.46		-20.09
						L		Xinte Energy	0.872	12/08/24	1.62	0.937	-6.91	1.560	-0.623	-39.93		-25.80
								Xinyi Solar	0.408	12/08/24	0.28	0.455	-10.18	0.730	-0.275	-37.68		-24.15
PPVX - 30 out of 30 instruments rated - 1/07/24 / 21/08/23 - 8 did rise, Market-Ratio(45) in CHF = 26.67 %

 

Technical Chart

	PPVX RS = 45 - B/S = 40/47
3/01/22	scale up chart	1/07/24

 

Transactions Photon Photovoltaik-Aktienindex in Swiss Franc * S45 - 40/47 (1)

																⇐
L/S	date buy	date sell	days				instrument	spl	pieces		prc buy	prc sell	ps short	prc diff	d %	asset	yield
2/01/06		16/01/06	14				- cash -
short	16/01/06	23/01/06	7				Beijing Energy	100	346,550		0.029	0.026	0.032	0.003	9	10,916	9,570
23/01/06		24/07/06	182				- cash -
	24/07/06	7/08/06	14				Beijing Energy	100	490,013		0.022	0.022	0.023	0.000	1	11,025	30
7/08/06		25/12/06	140				- cash -
	25/12/06	1/01/07	7				Beijing Energy	100	502,047		0.022	0.022	0.022	0.000	0	11,045	10
1/01/07		8/01/07	7				- cash -
	8/01/07	22/01/07	14				Motech Industries	100	585		18.854	21.604	16.104	-2.750	-15	9,436	-98
22/01/07		28/07/08	553				- cash -
	28/07/08	31/08/09	399				JA Solar Energy	100	117		80.110	18.651	344.090	263.980	330	40,322	279
31/08/09		31/05/10	273				- cash -
	31/05/10	28/06/10	28				SunPower	100	2,839		14.201	14.044	14.360	0.159	1	40,773	16
28/06/10		11/07/11	378				- cash -
	11/07/11	4/03/13	602				REC Silicon	100	3,330		12.243	1.589	94.322	82.079	670	314,096	245
4/03/13		25/03/13	21				- cash -
	25/03/13	13/05/13	49				Meyer Burger	100	43,806		7.170	6.300	8.160	0.990	14	357,468	162
13/05/13		13/10/14	518				- cash -
	13/10/14	20/10/14	7				SMA Solar	100	16,680		21.430	23.183	19.678	-1.752	-8	328,239	-99
20/10/14		10/11/14	21				- cash -
	10/11/14	30/03/15	140				SMA Solar	100	14,388		22.813	12.352	42.133	19.320	85	606,217	395
30/03/15		4/05/15	35				- cash -
	4/05/15	26/10/15	175				SFCE	100	960,602		0.631	0.331	1.203	0.572	91	1,155,605	284
26/10/15		16/11/15	21				- cash -
	16/11/15	30/11/15	14				TerraForm Power	100	87,164		13.258	7.099	24.759	11.501	87	2,158,097	> 999,999
30/11/15		11/01/16	42				- cash -
	11/01/16	4/07/16	175				TerraForm Power	100	215,492		10.015	10.621	9.408	-0.606	-6	2,027,415	-12
4/07/16		11/07/16	7				- cash -
	11/07/16	31/07/17	385				SFCE	100	15,542,176		0.130	0.053	0.324	0.193	148	5,027,894	137
31/07/17		16/07/18	350				- cash -
	16/07/18	22/04/19	280				Beijing Energy	100	73,299,572		0.069	0.043	0.109	0.040	58	7,953,004	82
22/04/19		16/03/20	329				- cash -
	16/03/20	30/03/20	14				Meyer Burger	100	53,090,811		0.150	0.165	0.135	-0.015	-10	7,140,714	-94
30/03/20		22/11/21	602				- cash -
	22/11/21	21/03/22	119				Scatec	100	421,431		16.944	14.571	19.703	2.759	16	8,303,419	59
21/03/22		25/04/22	35				- cash -
	25/04/22	8/08/22	105				Shoals Technologies	100	831,610		9.985	22.708	0.000	-9.985	-100	3	-100
8/08/22		12/09/22	35				- cash -
	12/09/22	21/11/22	70				Azure Power Global	100	0		5.287	5.090	5.491	0.204	4	3	0
21/11/22		6/02/23	77				- cash -
	6/02/23	6/03/23	28				ReNew Energy Global	100	0		5.188	4.237	6.353	1.165	22	3	0
6/03/23		3/04/23	28				- cash -
	3/04/23	12/08/24	497				SunPower	100	0		12.433	0.181	855.320	842.887	6,779	3	0
accum	16/01/06	12/08/24	3856	days out of 7524 invested (51%)										-100		3	-53

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
SunPower	short	31/05/10	28/06/10	28	14.20	14.04	14.36	0.16	1.12
		3/04/23	12/08/24	497	12.43	0.18	855.32	842.89	6,779.46			6,856.41
REC Silicon		11/07/11	4/03/13	602	12.24	1.59	94.32	82.08	670.40			670.40
SFCE		4/05/15	26/10/15	175	0.63	0.33	1.20	0.57	90.63
		11/07/16	31/07/17	385	0.13	0.05	0.32	0.19	148.00			372.74
JA Solar Energy		28/07/08	31/08/09	399	80.11	18.65	344.09	263.98	329.52			329.52
TerraForm Power		16/11/15	30/11/15	14	13.26	7.10	24.76	11.50	86.75
		11/01/16	4/07/16	175	10.01	10.62	9.41	-0.61	-6.06			75.44
Beijing Energy		16/01/06	23/01/06	7	0.03	0.03	0.03	0.00	9.16
		24/07/06	7/08/06	14	0.02	0.02	0.02	0.00	1.00
		25/12/06	1/01/07	7	0.02	0.02	0.02	0.00	0.18
		16/07/18	22/04/19	280	0.07	0.04	0.11	0.04	58.18			74.71
SMA Solar		13/10/14	20/10/14	7	21.43	23.18	19.68	-1.75	-8.18
		10/11/14	30/03/15	140	22.81	12.35	42.13	19.32	84.69			69.59
ReNew Energy Global		6/02/23	6/03/23	28	5.19	4.24	6.35	1.16	22.45			22.45
Scatec		22/11/21	21/03/22	119	16.94	14.57	19.70	2.76	16.28			16.28
Azure Power Global		12/09/22	21/11/22	70	5.29	5.09	5.49	0.20	3.86			3.86
Meyer Burger		25/03/13	13/05/13	49	7.17	6.30	8.16	0.99	13.81
		16/03/20	30/03/20	14	0.15	0.17	0.13	-0.02	-10.21			2.18
Motech Industries		8/01/07	22/01/07	14	18.85	21.60	16.10	-2.75	-14.59			-14.59
Shoals Technologies		25/04/22	8/08/22	105	9.98	22.71	0.00	-9.98	-100.00			-100.00

Annotations

22/04/24	PPVX			Voltalia replaces Meyer Burger
13/11/23	PPVX			Altus Power replaces Maxeon
10/02/23	PPVX			Nextracker replaces Beijing Energy
6/02/23	Enlight Renewable			reverse split 10:1 (one for ten)
25/09/22	PPVX			Maxeon Solar Technologies replaces Azure Power Global
29/10/21	PPVX			ReNew Energy Global replaces Soltec Power
29/07/21	United Renewable			reverse stock split 0.5658:1
23/07/21	PPVX			Xinte Energy replaces Maxeon
25/06/21	PPVX			Enlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
1/04/21	GCL Poly Energy			suspended
5/02/21	PPVX			Shoals Technologies Group replaces SPCG
25/01/21	PPVX			Grenergy Renovables and ReneSola replace Motech Industries and Shinsung E&G
17/11/20	Daqo New Energy			stock split 1:5 (five for one)
31/10/20	PPVX			Soltec Power replaces REC Silicon
23/10/20	PPVX			Array Technologies and REC Silicon replace 7C Solarparken and Tainergy
8/10/20	PPVX			Tainergy Tech replaces Vivint Solar (acquired by Sunrun)
21/09/20	PPVX			Motech Industries and Shinsung E&G replace China Shuifa Singyes and Thai Solar Energy
27/03/20	PPVX			China Singyes Solar and Edisun Power Europe replace Motech and Terraform Power
28/12/19	PPVX			Motech replaces SFCE
8/11/19	PPVX			Neoen replaces REC Silicon
29/07/19	PPVX			Sunnova replaces Shinsung E&G
16/02/19	PPVX			7C Solarparken replaces China Singyes Solar
10/12/18	PPVX			SFCE and Solarapack replace Motech Industries and Green Energy Technology
1/10/18	PPVX			Thai Solar Energy returns for Gintech Energy (merger with Neo Solar Power)
20/07/18	PPVX			West Holdings replaces JA Solar
17/07/18	PPVX			JA Solar exits due to becoming private (mergered with JASO Acquisition Holding as wholly owner)
25/06/18	Green Energy T			returns replacing 8point3
21/06/18	8point3			drops out due to acquisition by Capital Dynamics
18/05/18	PPVX			Enphase Energy replaces Thai Solar Energy PCL (exit due to low stock market value)
27/02/18	Capital Stage			renames into Encavis (ENergy + CApital + VISion)
16/02/18	PPVX			Solaria Energía replaces SFCE (market value falls below exit threshold)
30/12/17	PPVX			Vivint Solar replaces TerraForm Global (acquired by Brookfield Asset Management)
11/08/17	PPVX			Shinsung E&G replaces Green Energy Technology
14/03/17	PPVX			Azure Power Global replaces Trina Solar
25/11/16	PPVX			Thai Solar Energy replaces SolarCity (acquired by Tesla)
4/11/16	PPVX			SPCG replaces SPI
8/10/16	Chorus			is replaced by BCPG
8/08/16	Capital Stage			acquires Chorus Clean Energy
3/06/16	PPVX			complete analysis - all techniques have been refreshed using new market composition
2/06/16	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
18/08/15	Solarenergie			complete analysis
1/07/15	Scatec Solar			monitoring started
14/03/15	Solar Energy			first complete analysis

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