Share-o-matic - Assessment PPVX (Photon Photovoltaik-Aktienindex)

Assessment - Photon Photovoltaik-Aktienindex - 3/27/23 - RS = 26

		⇓instrument	freshest		⇓ Δday	3/27/23	⇓ Δwk	9/26/22	prc diff	⇓ Δ26	Curr	∅-RS
	S	SOM Price Index	4,662.710	Fri	2.19	4,379.340	6.47	4,381.550	-2.210	-0.05	USD	-2.29
	L	First Solar	217.500	Fri	1.96	210.140	3.50	128.210	81.930	63.90	USD	96.09
		Maxeon Solar	26.540	Fri	3.31	25.510	4.04	21.660	3.850	17.77	USD	55.83
		SMA Solar	98.950	Fri	2.54	75.550	30.97	48.780	26.770	54.88	EUR	46.14
		Array Tech	21.880	Fri	8.42	19.090	14.61	16.100	2.990	18.57	USD	30.98
	L	Xinte Energy	20.200	Fri	-2.65	21.400	-5.61	17.920	3.480	19.42	HKD	17.80
		Meyer Burger	0.643	Fri	3.13	0.564	14.11	0.393	0.170	43.24	CHF	16.79
		Canadian Solar	39.810	Fri	1.14	38.720	2.82	36.440	2.280	6.26	USD	11.65
		Shoals Technologies	22.790	Fri	2.11	20.800	9.57	19.400	1.400	7.22	USD	3.90
	L	Sino-American Sili	156.000	Fri	-0.32	157.000	-0.64	148.500	8.500	5.72	TWD	3.49
		SolarEdge	303.950	Fri	2.68	284.590	6.80	247.650	36.940	14.92	USD	1.74
	L	Daqo New Energy	46.840	Fri	0.39	49.520	-5.41	51.880	-2.360	-4.55	USD	-1.03
	L	United Renewable	20.950	Fri	-0.48	21.100	-0.71	21.350	-0.250	-1.17	TWD	-1.62
		BCPG	9.950	Fri	0.51	9.950		9.550	0.400	4.19	THB	-4.55
	S	JinkoSolar	51.020	Fri	0.85	48.230	5.78	52.910	-4.680	-8.85	USD	-9.58
		Flat Glass	22.500	Fri	-0.44	20.700	8.70	20.150	0.550	2.73	HKD	-11.69
	L	Xinyi Solar	9.410	Fri	0.53	8.920	5.49	8.950	-0.030	-0.34	HKD	-13.28
		ReNew Energy Global	5.620	Fri	-0.53	5.390	4.27	6.130	-0.740	-12.07	USD	-13.50
	S	Enlight Renewable	6,001.000	Fri	0.35	6,087.000	-1.41	7,772.000	-1,685.000	-21.68	ILS	-14.17
		Enphase Energy	210.280	Fri	2.44	195.830	7.38	274.920	-79.090	-28.77	USD	-14.38
	S	Encavis	15.780	Fri	1.09	16.270	-3.01	18.225	-1.955	-10.73	EUR	-15.33
	S	Solaria Energía	16.605	Fri	1.13	15.975	3.94	16.800	-0.825	-4.91	EUR	-15.73
	S	Grenergy Renovables	28.020	Fri	1.16	27.060	3.55	31.200	-4.140	-13.27	EUR	-17.08
	S	GCL Poly Energy	2.030	Fri	4.64	1.870	8.56	2.480	-0.610	-24.60	HKD	-24.06
	S	Neoen	28.950	Fri	1.01	27.960	3.54	34.410	-6.450	-18.74	EUR	-24.66
		⇓instrument	freshest		⇓ Δday	3/27/23	⇓ Δwk	9/26/22	prc diff	⇓ Δ26	Curr	∅-RS
	S	West Holdings	3,240.000	Fri	0.93	3,130.000	3.51	4,350.000	-1,220.000	-28.05	JPY	-26.07
	S	Scatec	69.480	Fri	5.53	63.420	9.56	85.960	-22.540	-26.22	NOK	-28.71
	S	Sunrun	20.150	Fri	6.90	17.850	12.89	29.640	-11.790	-39.78	USD	-30.92
	S	SunPower	13.840	Fri	4.45	12.390	11.70	24.100	-11.710	-48.59	USD	-33.81
	S	Sunnova Energy	15.620	Fri	8.55	13.060	19.60	23.370	-10.310	-44.12	USD	-34.58
		Nextracker	36.320	Fri	4.52	30.810	17.88				USD	-na-
PPVX - 29 out of 30 instruments rated - 3/27/23 / 9/26/22 - 12 did rise, Market-Ratio(26) = 41.38 %

Technical Chart

	PPVX RS = 26 - B/S = 60/40

1/07/19	scale up chart	3/27/23

Transactions Photon Photovoltaik-Aktienindex * 26 - 60/40 (2)

														⇐
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
1/02/06		3/13/06	70		- cash -
short	3/13/06	3/20/06	7		Encavis	50	3,097	EUR	1.614	1.653	1.575	-0.039	-2	9,879	-72
					Beijing Energy	50	29,248	HKD	0.171	0.162	0.181	0.009	6	10,157	1,576
100							2							125
long	3/20/06	7/24/06	126		Encavis	50	3,072	EUR	1.653	1.381		-0.272	-16	9,321	-41
					Motech Industries	50	9	TWD	555.030	557.310		2.280	0	9,342	1
100							-8							-22
short	7/24/06	11/20/06	119		Encavis	50	3,382	EUR	1.381	1.915	0.847	-0.534	-39	7,536	-78
					Beijing Energy	50	33,367	HKD	0.140	0.143	0.137	-0.003	-2	7,436	-6
100							-20							-50
long	11/20/06	3/03/08	469		Encavis	50	1,941	EUR	1.915	1.818		-0.097	-5	7,248	-4
					Motech Industries	50	6	TWD	618.290	331.080		-287.210	-46	5,524	-38
100							-26							-21
short	3/03/08	8/04/08	154		REC Silicon	50	3	NOK	902.000	1,070.700	733.300	-168.700	-19	5,018	-39
					JA Solar Energy	50	40	USD	69.950	75.800	64.100	-5.850	-8	4,784	-19
100							-13							-29
long	8/04/08	9/22/08	49		First Solar	50	9	USD	257.870	207.130		-50.740	-20	4,328	-80
					Canadian Solar	50	91	USD	27.040	25.300		-1.740	-6	4,169	-39
100							-13							-64
short	9/22/08	5/11/09	231		Beijing Energy	50	2,936	HKD	0.710	0.495	1.018	0.308	43	5,075	77
					JA Solar Energy	50	33	USD	61.450	15.550	242.836	181.386	295	11,060	777
100							168							374
long	5/11/09	11/23/09	196		Meyer Burger	50	316	CHF	17.500	23.890		6.390	37	13,080	79
					GCL Poly Energy	50	3,591	HKD	1.540	2.530		0.990	64	16,635	152
100							50							114
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
short	11/23/09	1/11/10	49		SunPower	50	394	USD	21.060	25.780	16.340	-4.720	-22	14,775	-85
					REC Silicon	50	31	NOK	265.500	299.600	231.400	-34.100	-13	13,718	-64
100							-18							-76
long	1/11/10	1/18/10	7		SMA Solar	50	70	EUR	97.100	92.450		-4.650	-5	13,393	-92
					Canadian Solar	50	212	USD	32.560	26.320		-6.240	-19	12,070	-100
100							-12							-100
short	1/18/10	2/22/10	35		First Solar	50	53	USD	112.390	105.750	119.447	7.057	6	12,444	89
					REC Silicon	50	23	NOK	258.900	168.400	398.036	139.136	54	15,644	8,771
100							30							1,443
long	2/22/10	5/17/10	84		SMA Solar	50	91	EUR	85.800	86.650		0.850	1	15,721	4
					Canadian Solar	50	381	USD	20.530	13.270		-7.260	-35	12,955	-85
100							-17							-56
short	5/17/10	8/02/10	77		SunPower	50	536	USD	12.070	12.970	11.170	-0.900	-7	12,473	-31
					REC Silicon	50	42	NOK	153.900	150.900	156.960	3.060	2	12,601	10
100							-3							-12
long	8/02/10	5/16/11	287		Gintech Energy	50	63	TWD	99.634	73.295		-26.339	-26	10,942	-32
					United Renewable	50	50	TWD	125.656	102.848		-22.808	-18	9,801	-22
100							-22							-27
short	5/16/11	1/14/13	609		Canadian Solar	50	525	USD	9.330	4.460	19.518	10.188	109	15,150	56
					Gintech Energy	50	66	TWD	73.295	32.554	165.025	91.730	125	21,204	63
100							117							59
long	1/14/13	5/19/14	490		SFCE	50	18,279	HKD	0.580	10.820		10.240	1,766	208,381	784
					China Shuifa Singyes	50	1,376	HKD	7.700	10.400		2.700	35	212,096	25
100							901							456
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
short	5/19/14	6/09/14	21		Encavis	50	29,763	EUR	3.563	3.669	3.457	-0.106	-3	208,941	-41
					Beijing Energy	50	155,956	HKD	0.680	0.760	0.600	-0.080	-12	196,465	-89
100							-7							-74
long	6/09/14	7/14/14	35		SFCE	50	9,232	HKD	10.640	9.950		-0.690	-6	190,095	-50
					Daqo New Energy	50	18,038	USD	5.446	5.752		0.306	6	195,614	77
100							0							-4
short	7/14/14	4/13/15	273		Beijing Energy	50	102,954	HKD	0.950	1.260	0.640	-0.310	-33	163,699	-41
					Motech Industries	50	1,510	TWD	64.770	65.460	64.080	-0.690	-1	162,657	-1
100							-17							-22
long	4/13/15	8/03/15	112		Encavis	50	12,642	EUR	6.433	8.212		1.779	28	185,147	122
					Beijing Energy	50	64,548	HKD	1.260	0.820		-0.440	-35	156,746	-75
100							-4							-11
short	8/03/15	3/07/16	217		SFCE	50	29,243	HKD	2.680	1.610	4.461	1.781	66	208,831	136
					China Shuifa Singyes	50	10,765	HKD	7.280	4.360	12.156	4.876	67	261,316	137
100							67							136
long	3/07/16	4/04/16	28		SMA Solar	50	3,104	EUR	42.080	43.225		1.145	3	264,870	42
					Gintech Energy	50	4,356	TWD	30.000	25.100		-4.900	-16	243,526	-90
100							-7							-60
short	4/04/16	9/04/17	518		TerraForm Power	50	13,424	USD	9.070	13.800	4.340	-4.730	-52	180,031	-41
					China Shuifa Singyes	50	39,028	HKD	3.120	2.440	3.990	0.870	28	213,965	19
100							-12							-9
long	9/04/17	6/11/18	280		JinkoSolar	50	3,751	USD	28.520	12.500		-16.020	-56	153,874	-66
					SolarEdge	50	3,962	USD	27.000	52.900		25.900	96	256,490	140
100							20							27
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
short	6/11/18	4/08/19	301		JinkoSolar	50	10,259	USD	12.500	19.860	5.140	-7.360	-59	180,984	-66
					Beijing Energy	50	183,218	HKD	0.700	0.345	1.420	0.720	103	312,956	136
100							22							27
long	4/08/19	3/16/20	343		JinkoSolar	50	7,879	USD	19.860	12.360		-7.500	-38	253,863	-40
					Enphase Energy	50	15,281	USD	10.240	27.450		17.210	168	516,849	186
100							65							71
short	3/16/20	6/01/20	77		Meyer Burger	50	1,725,131	CHF	0.150	0.175	0.125	-0.025	-16	474,239	-57
					SunPower	50	57,555	USD	4.490	7.400	1.580	-2.910	-65	306,754	-99
100							-41							-92
long	6/01/20	5/17/21	350		SolarEdge	50	1,017	USD	150.700	218.010		67.310	45	375,208	47
					Enphase Energy	50	2,571	USD	59.680	118.420		58.740	98	526,228	104
100							72							76
short	5/17/21	11/01/21	168		Azure Power Global	50	13,235	USD	19.880	24.300	15.460	-4.420	-22	467,730	-42
					Neoen	50	7,963	EUR	33.040	40.500	25.580	-7.460	-23	408,326	-43
100							-22							-42
long	11/01/21	12/20/21	49		GCL Poly Energy	50	56,711	HKD	3.600	2.330		-1.270	-35	336,303	-96
					West Holdings	50	3,098	JPY	65.900	56.000		-9.900	-15	305,633	-70
100							-25							-88
short	12/20/21	7/25/22	217		Sunrun	50	4,860	USD	31.440	23.530	42.009	10.569	34	356,998	63
					Daqo New Energy	50	4,016	USD	38.050	60.370	15.730	-22.320	-59	267,361	-77
100							-13							-20
long	7/25/22	10/03/22	70		JinkoSolar	50	2,138	USD	62.510	54.910		-7.600	-12	251,112	-49
					GCL Poly Energy	50	38,423	HKD	3.480	2.420		-1.060	-30	210,384	-85
100							-21							-71
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
short	10/03/22	11/07/22	35		Scatec	50	1,331	NOK	79.000	84.000	74.000	-5.000	-6	203,729	-49
					Flat Glass	50	5,550	HKD	18.960	22.900	15.020	-3.940	-21	181,862	-91
100							-14							-78
long	11/07/22	2/06/23	91		First Solar	50	617	USD	147.250	167.470		20.220	14	194,338	68
					Enphase Energy	50	338	USD	268.830	222.990		-45.840	-17	178,844	-53
100							-2							-6
short	2/06/23	3/31/23	53		ReNew Energy Global	50	15,996	USD	5.590	5.620	5.560	-0.030	-1	178,364	-4
					Scatec	50	1,102	NOK	81.120	69.480	94.710	13.590	17	193,340	191
100							8							71
accum	3/13/06	3/31/23	6229	days out of 6299 invested (99%)								1,833		193,340	19

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	spl	d_i %	total
SFCE	long	1/14/13	5/19/14	490	0.58	10.82		10.24	1,765.52	50	882.76
	long	6/09/14	7/14/14	35	10.64	9.95		-0.69	-6.48		-3.24
	short	8/03/15	3/07/16	217	2.68	1.61	4.46	1.78	66.46		33.23	1,166.87
Enphase Energy	long	4/08/19	3/16/20	343	10.24	27.45		17.21	168.07		84.03
	long	6/01/20	5/17/21	350	59.68	118.42		58.74	98.42		49.21
	long	11/07/22	2/06/23	91	268.83	222.99		-45.84	-17.05		-8.53	151.19
JA Solar Energy	short	3/03/08	8/04/08	154	69.95	75.80	64.10	-5.85	-8.36		-4.18
	short	9/22/08	5/11/09	231	61.45	15.55	242.84	181.39	295.18		147.59	137.24
SolarEdge	long	9/04/17	6/11/18	280	27.00	52.90		25.90	95.93		47.96
	long	6/01/20	5/17/21	350	150.70	218.01		67.31	44.66		22.33	81.01
China Shuifa Singyes	long	1/14/13	5/19/14	490	7.70	10.40		2.70	35.06		17.53
	short	8/03/15	3/07/16	217	7.28	4.36	12.16	4.88	66.97		33.49
	short	4/04/16	9/04/17	518	3.12	2.44	3.99	0.87	27.87		13.93	78.75
Gintech Energy	long	8/02/10	5/16/11	287	99.63	73.29		-26.34	-26.44		-13.22
	short	5/16/11	1/14/13	609	73.29	32.55	165.02	91.73	125.15		62.58
	long	3/07/16	4/04/16	28	30.00	25.10		-4.90	-16.33		-8.17	29.56
Beijing Energy	short	3/13/06	3/20/06	7	0.17	0.16	0.18	0.01	5.56		2.78
	short	7/24/06	11/20/06	119	0.14	0.14	0.14	-0.00	-2.14		-1.07
	short	9/22/08	5/11/09	231	0.71	0.50	1.02	0.31	43.44		21.72
	short	5/19/14	6/09/14	21	0.68	0.76	0.60	-0.08	-11.76		-5.88
	short	7/14/14	4/13/15	273	0.95	1.26	0.64	-0.31	-32.63		-16.32
	long	4/13/15	8/03/15	112	1.26	0.82		-0.44	-34.92		-17.46
	short	6/11/18	4/08/19	301	0.70	0.35	1.42	0.72	102.90		51.45	21.85
Sunrun	short	12/20/21	7/25/22	217	31.44	23.53	42.01	10.57	33.62		16.81	16.81
Canadian Solar	long	8/04/08	9/22/08	49	27.04	25.30		-1.74	-6.43		-3.22
	long	1/11/10	1/18/10	7	32.56	26.32		-6.24	-19.16		-9.58
	long	2/22/10	5/17/10	84	20.53	13.27		-7.26	-35.36		-17.68
	short	5/16/11	1/14/13	609	9.33	4.46	19.52	10.19	109.19		54.60	11.36
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	spl	d_i %	total
REC Silicon	short	3/03/08	8/04/08	154	902.00	1,070.70	733.30	-168.70	-18.70		-9.35
	short	11/23/09	1/11/10	49	265.50	299.60	231.40	-34.10	-12.84		-6.42
	short	1/18/10	2/22/10	35	258.90	168.40	398.04	139.14	53.74		26.87
	short	5/17/10	8/02/10	77	153.90	150.90	156.96	3.06	1.99		0.99	8.69
Meyer Burger	long	5/11/09	11/23/09	196	17.50	23.89		6.39	36.51		18.26
	short	3/16/20	6/01/20	77	0.15	0.17	0.13	-0.02	-16.49		-8.24	8.51
Scatec	short	10/03/22	11/07/22	35	79.00	84.00	74.00	-5.00	-6.33		-3.16
	short	2/06/23	3/31/23	53	81.12	69.48	94.71	13.59	16.75		8.38	4.95
ReNew Energy Global	short	2/06/23	3/31/23	53	5.59	5.62	5.56	-0.03	-0.54		-0.27	-0.27
SMA Solar	long	1/11/10	1/18/10	7	97.10	92.45		-4.65	-4.79		-2.39
	long	2/22/10	5/17/10	84	85.80	86.65		0.85	0.99		0.50
	long	3/07/16	4/04/16	28	42.08	43.23		1.15	2.72		1.36	-0.58
First Solar	long	8/04/08	9/22/08	49	257.87	207.13		-50.74	-19.68		-9.84
	short	1/18/10	2/22/10	35	112.39	105.75	119.45	7.06	6.28		3.14
	long	11/07/22	2/06/23	91	147.25	167.47		20.22	13.73		6.87	-0.62
West Holdings	long	11/01/21	12/20/21	49	65.90	56.00		-9.90	-15.02		-7.51	-7.51
GCL Poly Energy	long	5/11/09	11/23/09	196	1.54	2.53		0.99	64.29		32.14
	long	11/01/21	12/20/21	49	3.60	2.33		-1.27	-35.28		-17.64
	long	7/25/22	10/03/22	70	3.48	2.42		-1.06	-30.46		-15.23	-7.74
United Renewable	long	8/02/10	5/16/11	287	125.66	102.85		-22.81	-18.15		-9.08	-9.08
Flat Glass	short	10/03/22	11/07/22	35	18.96	22.90	15.02	-3.94	-20.78		-10.39	-10.39
Azure Power Global	short	5/17/21	11/01/21	168	19.88	24.30	15.46	-4.42	-22.23		-11.12	-11.12
Neoen	short	5/17/21	11/01/21	168	33.04	40.50	25.58	-7.46	-22.58		-11.29	-11.29
Encavis	short	3/13/06	3/20/06	7	1.61	1.65	1.58	-0.04	-2.42		-1.21
	long	3/20/06	7/24/06	126	1.65	1.38		-0.27	-16.45		-8.23
	short	7/24/06	11/20/06	119	1.38	1.92	0.85	-0.53	-38.67		-19.33
	long	11/20/06	3/03/08	469	1.92	1.82		-0.10	-5.07		-2.53
	short	5/19/14	6/09/14	21	3.56	3.67	3.46	-0.11	-2.98		-1.49
	long	4/13/15	8/03/15	112	6.43	8.21		1.78	27.65		13.83	-20.07
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	spl	d_i %	total
Motech Industries	long	3/20/06	7/24/06	126	555.03	557.31		2.28	0.41		0.21
	long	11/20/06	3/03/08	469	618.29	331.08		-287.21	-46.45		-23.23
	short	7/14/14	4/13/15	273	64.77	65.46	64.08	-0.69	-1.07		-0.53	-23.48
TerraForm Power	short	4/04/16	9/04/17	518	9.07	13.80	4.34	-4.73	-52.15		-26.07	-26.07
Daqo New Energy	long	6/09/14	7/14/14	35	5.45	5.75		0.31	5.62		2.81
	short	12/20/21	7/25/22	217	38.05	60.37	15.73	-22.32	-58.66		-29.33	-27.34
SunPower	short	11/23/09	1/11/10	49	21.06	25.78	16.34	-4.72	-22.41		-11.21
	short	5/17/10	8/02/10	77	12.07	12.97	11.17	-0.90	-7.46		-3.73
	short	3/16/20	6/01/20	77	4.49	7.40	1.58	-2.91	-64.81		-32.41	-42.22
JinkoSolar	long	9/04/17	6/11/18	280	28.52	12.50		-16.02	-56.17		-28.09
	short	6/11/18	4/08/19	301	12.50	19.86	5.14	-7.36	-58.88		-29.44
	long	4/08/19	3/16/20	343	19.86	12.36		-7.50	-37.76		-18.88
	long	7/25/22	10/03/22	70	62.51	54.91		-7.60	-12.16		-6.08	-61.34

Annotations

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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