Assessment - Photon Photovoltaik-Aktienindex in Pound sterling - 7/01/24 - RS = 46

 ⇐ 

								instrument	freshest		⇓ Δday	7/01/24	⇓ Δwk	8/14/23	prc diff	⇓ Δ46		⇓∅-RS
						L		SOM Price Index	1,935.047	8/12/24	-1.07	2,047.633	-5.50	3,214.366	-1,166.733	-36.30		-22.13
								Altus Power	2.326	8/12/24	-6.96	2.951	-21.18	4.590	-1.639	-35.72		-29.33
						L		Array Tech	5.561	8/12/24	-0.99	7.570	-26.54	18.203	-10.632	-58.41		-39.62
								BCPG	0.120	8/09/24		0.135	-11.20	0.211	-0.077	-36.30		-25.48
						L		Canadian Solar	10.442	8/12/24	-2.51	11.082	-5.78	26.107	-15.025	-57.55		-37.13
								Daqo New Energy	12.704	8/12/24	-4.74	11.320	12.23	28.241	-16.921	-59.92		-43.77
								Encavis	14.424	8/12/24		14.339	0.59	11.933	2.406	20.17		17.65
						L		Enlight Renewable	1,269.152	8/12/24	-3.23	1,179.748	7.58	1,300.769	-121.021	-9.30		-11.57
						L		Enphase Energy	86.309	8/12/24	1.16	76.935	12.18	109.113	-32.178	-29.49		-17.80
						L		First Solar	173.417	8/12/24	3.51	176.169	-1.56	166.461	9.708	5.83		29.56
						S		Flat Glass	1.183	8/12/24	-3.63	1.165	1.57	2.165	-1.000	-46.20		-30.36
						L		GCL Poly Energy	0.115	8/12/24		0.117	-1.72	0.151	-0.034	-22.21		-8.20
						L		Grenergy Renovables	29.230	8/12/24	1.32	29.230		22.205	7.025	31.64		28.64
						L		JinkoSolar	14.911	8/12/24	-3.48	16.271	-8.36	28.233	-11.962	-42.37		-30.82
						L		Neoen	32.564	8/12/24	-0.10	31.682	2.79	23.788	7.894	33.18		34.04
						L		Nextracker	30.834	8/12/24	-2.01	36.482	-15.48	32.414	4.069	12.55		4.42
								ReNew Energy Global	4.651	8/12/24	-0.84	4.809	-3.29	4.873	-0.064	-1.31		-0.37
						L		Scatec	6.269	8/12/24	-1.46	6.366	-1.51	5.920	0.446	7.53		20.18
						S		Shoals Technologies	4.058	8/12/24	0.20	4.833	-16.04	17.022	-12.188	-71.61		-54.01
						L		Sino-American Sili	4.564	8/12/24	0.80	5.389	-15.32	3.805	1.584	41.62		18.53
						S		SMA Solar	18.581	8/12/24	-1.26	22.467	-17.30	66.786	-44.318	-66.36		-55.02
						S		SolarEdge	16.960	8/12/24	1.13	18.961	-10.55	139.346	-120.385	-86.39		-71.10
						L		Solaria Energía	9.376	8/12/24	1.47	9.842	-4.74	11.619	-1.776	-15.29		-11.63
						L		Sunnova Energy	5.237	8/12/24	-4.47	4.137	26.58	12.754	-8.617	-67.56		-35.71
						L		SunPower	0.158	8/12/24	-4.76	2.144	-92.62	6.401	-4.257	-66.51		-32.66
								instrument	freshest		⇓ Δday	7/01/24	⇓ Δwk	8/14/23	prc diff	⇓ Δ46		⇓∅-RS
						L		Sunrun	13.708	8/12/24	-3.13	8.634	58.77	13.203	-4.569	-34.61		-17.65
						L		United Renewable	0.274	8/12/24	0.89	0.322	-14.72	0.397	-0.075	-18.89		-7.15
						L		Voltalia	8.637	8/12/24	-0.97	7.789	10.89	13.219	-5.430	-41.08		-3.58
								West Holdings	10.487	8/09/24	-1.38	12.166	-13.80	13.747	-1.581	-11.50		-21.75
						L		Xinte Energy	0.764	8/12/24	1.62	0.820	-6.91	1.513	-0.692	-45.76		-27.39
								Xinyi Solar	0.358	8/12/24	0.28	0.398	-10.18	0.739	-0.341	-46.14		-25.96
PPVX - 30 out of 30 instruments rated - 7/01/24 / 8/14/23 - 7 did rise, Market-Ratio(46) in GBP = 23.33 %

 

Technical Chart

	PPVX RS = 46 - B/S = 51/51
1/03/22	scale up chart	7/01/24

 

Transactions Photon Photovoltaik-Aktienindex in Pound sterling * S46 - 51 ex 9 (1)

																⇐
L/S	date buy	date sell	days				instrument	spl	pieces		prc buy	prc sell	ps short	prc diff	d %	asset	yield
1/02/06		11/10/08	1043				- cash -
short	11/10/08	8/24/09	287				Solaria Energía	100	5,148		1.942	2.000	1.884	-0.058	-3	9,702	-4
8/24/09		8/31/09	7				- cash -
	8/31/09	9/07/09	7				SunPower	100	622		15.583	16.647	14.518	-1.065	-7	9,039	-98
9/07/09		4/12/10	217				- cash -
	4/12/10	5/10/10	28				SunPower	100	758		11.922	10.326	13.766	1.844	15	10,437	552
5/10/10		5/17/10	7				- cash -
	5/17/10	7/19/10	63				SunPower	100	1,256		8.309	8.811	7.807	-0.502	-6	9,806	-30
7/19/10		7/26/10	7				- cash -
	7/26/10	9/13/10	49				West Holdings	100	672,686		0.015	0.018	0.012	-0.003	-21	7,736	-83
9/13/10		10/11/10	28				- cash -
	10/11/10	3/21/11	161				Solaria Energía	100	5,863		1.319	1.782	0.857	-0.463	-35	5,024	-62
3/21/11		7/11/11	112				- cash -
	7/11/11	9/26/11	77				Enlight Renewable	100	97		51.665	55.048	48.282	-3.383	-7	4,696	-27
	9/26/11	12/10/12	441				JinkoSolar	100	1,222		3.841	3.192	4.623	0.781	20	5,651	17
	12/10/12	1/21/13	42				SMA Solar	100	410		13.761	17.768	9.754	-4.007	-29	4,008	-95
1/21/13		2/04/13	14				- cash -
	2/04/13	2/11/13	7				SMA Solar	100	267		15.008	15.899	14.118	-0.891	-6	3,770	-96
2/11/13		3/25/13	42				- cash -
	3/25/13	4/08/13	14				SMA Solar	100	221		16.992	15.038	19.200	2.208	13	4,258	2,317
4/08/13		10/13/14	553				- cash -
	10/13/14	10/27/14	14				SMA Solar	100	302		14.056	14.883	13.229	-0.827	-6	4,008	-79
10/27/14		11/10/14	14				- cash -
	11/10/14	4/13/15	154				SMA Solar	100	269		14.874	9.915	22.315	7.440	50	6,010	162
4/13/15		4/20/15	7				- cash -
	4/20/15	4/27/15	7				West Holdings	100	117,243		0.051	0.049	0.054	0.002	4	6,273	832
4/27/15		5/04/15	7				- cash -
	5/04/15	11/02/15	182				West Holdings	100	135,144		0.046	0.038	0.057	0.011	23	7,744	53
11/02/15		11/16/15	14				- cash -
	11/16/15	11/30/15	14				Enphase Energy	100	5,552		1.395	1.110	1.752	0.357	26	9,727	38,089
11/30/15		12/14/15	14				- cash -
	12/14/15	12/21/15	7				Enphase Energy	100	6,602		1.473	2.412	0.534	-0.939	-64	3,528	-100
12/21/15		1/04/16	14				- cash -
	1/04/16	1/16/17	378				Enphase Energy	100	1,487		2.371	1.370	4.104	1.733	73	6,106	70
	1/16/17	6/05/17	140				SunPower	100	987		6.185	6.286	6.085	-0.101	-2	6,006	-4
	6/05/17	6/26/17	21				Enphase Energy	100	9,933		0.605	0.667	0.543	-0.062	-10	5,389	-85
6/26/17		7/16/18	385				- cash -
	7/16/18	7/23/18	7				GCL Poly Energy	100	82,307		0.065	0.065	0.066	0.000	0	5,416	30
7/23/18		8/13/18	21				- cash -
	8/13/18	2/04/19	175				GCL Poly Energy	100	95,188		0.057	0.065	0.048	-0.009	-15	4,598	-29
	2/04/19	4/15/19	70				SMA Solar	100	248		18.536	17.052	20.149	1.613	9	4,998	55
4/15/19		11/08/21	938				- cash -
	11/08/21	3/28/22	140				Scatec	100	346		14.410	11.192	18.554	4.144	29	6,431	93
3/28/22		4/18/22	21				- cash -
	4/18/22	6/20/22	63				Shoals Technologies	100	664		9.675	15.963	3.388	-6.287	-65	2,257	-100
L/S	date buy	date sell	days				instrument	spl	pieces		prc buy	prc sell	ps short	prc diff	d %	asset	yield
	6/20/22	8/08/22	49				Scatec	100	305		7.378	9.657	5.099	-2.279	-31	1,562	-94
8/08/22		9/05/22	28				- cash -
	9/05/22	9/12/22	7				Flat Glass	100	620		2.516	2.661	2.372	-0.145	-6	1,472	-95
9/12/22		9/19/22	7				- cash -
	9/19/22	11/28/22	70				Flat Glass	100	619		2.377	2.079	2.717	0.340	14	1,683	101
11/28/22		1/30/23	63				- cash -
	1/30/23	6/10/24	497				SunPower	100	126		13.262	2.688	65.438	52.176	393	8,257	223
	6/10/24	8/12/24	63				Shoals Technologies	100	1,542		5.352	4.058	7.059	1.707	32	10,889	397
accum	11/10/08	8/12/24	3914	days out of 7477 invested (52%)										9		10,889	1

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
SunPower	short	8/31/09	9/07/09	7	15.58	16.65	14.52	-1.06	-6.83
		4/12/10	5/10/10	28	11.92	10.33	13.77	1.84	15.46
		5/17/10	7/19/10	63	8.31	8.81	7.81	-0.50	-6.04
		1/16/17	6/05/17	140	6.19	6.29	6.08	-0.10	-1.63
		1/30/23	6/10/24	497	13.26	2.69	65.44	52.18	393.42			390.58
JinkoSolar		9/26/11	12/10/12	441	3.84	3.19	4.62	0.78	20.34			20.34
SMA Solar		12/10/12	1/21/13	42	13.76	17.77	9.75	-4.01	-29.12
		2/04/13	2/11/13	7	15.01	15.90	14.12	-0.89	-5.93
		3/25/13	4/08/13	14	16.99	15.04	19.20	2.21	13.00
		10/13/14	10/27/14	14	14.06	14.88	13.23	-0.83	-5.88
		11/10/14	4/13/15	154	14.87	9.91	22.31	7.44	50.02
		2/04/19	4/15/19	70	18.54	17.05	20.15	1.61	8.70			15.63
Flat Glass		9/05/22	9/12/22	7	2.52	2.66	2.37	-0.14	-5.74
		9/19/22	11/28/22	70	2.38	2.08	2.72	0.34	14.32			7.76
West Holdings		7/26/10	9/13/10	49	0.01	0.02	0.01	-0.00	-21.11
		4/20/15	4/27/15	7	0.05	0.05	0.05	0.00	4.37
		5/04/15	11/02/15	182	0.05	0.04	0.06	0.01	23.46			1.65
Enlight Renewable		7/11/11	9/26/11	77	51.67	55.05	48.28	-3.38	-6.55			-6.55
Scatec		11/08/21	3/28/22	140	14.41	11.19	18.55	4.14	28.76
		6/20/22	8/08/22	49	7.38	9.66	5.10	-2.28	-30.89			-11.02
GCL Poly Energy		7/16/18	7/23/18	7	0.07	0.07	0.07	0.00	0.50
		8/13/18	2/04/19	175	0.06	0.07	0.05	-0.01	-15.11			-14.69
Enphase Energy		11/16/15	11/30/15	14	1.39	1.11	1.75	0.36	25.61
		12/14/15	12/21/15	7	1.47	2.41	0.53	-0.94	-63.73
		1/04/16	1/16/17	378	2.37	1.37	4.10	1.73	73.09
		6/05/17	6/26/17	21	0.60	0.67	0.54	-0.06	-10.27			-29.25
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
Solaria Energía		11/10/08	8/24/09	287	1.94	2.00	1.88	-0.06	-2.98
		10/11/10	3/21/11	161	1.32	1.78	0.86	-0.46	-35.06			-36.99
Shoals Technologies		4/18/22	6/20/22	63	9.68	15.96	3.39	-6.29	-64.98
		6/10/24	8/12/24	63	5.35	4.06	7.06	1.71	31.89			-53.82

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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