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

Assessment - Photon Photovoltaik-Aktienindex - 4/22/24 - RS = 45

		⇓instrument	freshest		⇓ Δday	4/22/24	⇓ Δwk	6/12/23	prc diff	⇓ Δ45	Curr	∅-RS
	S	SOM Price Index	2,683.740	09:35	0.12	2,646.180	1.42	4,512.220	-1,866.040	-41.36	USD	-26.01
	L	Encavis	16.880	Tue	-0.06	16.890	-0.06	16.115	0.775	4.81	EUR	20.49
		Sino-American Sili	188.500	Mon	-1.82	188.500		157.000	31.500	20.06	TWD	8.45
	L	Neoen	29.180	Tue	0.27	29.100	0.27	29.280	-0.180	-0.61	EUR	7.90
		Nextracker	44.000	Mon		44.000		41.995	2.005	4.77	USD	5.00
	L	First Solar	180.100	Tue	2.17	176.280	2.17	196.240	-19.960	-10.17	USD	4.47
	L	Flat Glass	17.600	08:08	1.03	17.340	1.50	23.800	-6.460	-27.14	HKD	0.06
	S	Enlight Renewable	6,238.000	Sun	1.28	6,238.000		7,236.000	-998.000	-13.79	ILS	-0.88
		Grenergy Renovables	26.400	Tue	2.13	25.850	2.13	26.200	-0.350	-1.34	EUR	-1.01
		Scatec	70.150	Tue	4.23	67.300	4.23	74.700	-7.400	-9.91	NOK	-4.18
	S	ReNew Energy Global	5.810	Tue	2.65	5.660	2.65	5.680	-0.020	-0.35	USD	-5.15
	L	Xinyi Solar	5.190	08:08	0.58	5.260	-1.33	8.640	-3.380	-39.12	HKD	-7.34
	S	West Holdings	2,881.000	06:15	0.73	2,675.000	7.70	2,635.000	40.000	1.52	JPY	-8.82
	L	Enphase Energy	113.480	Tue	2.69	110.510	2.69	176.890	-66.380	-37.53	USD	-11.36
	L	GCL Poly Energy	1.090	08:08	3.81	1.070	1.87	1.530	-0.460	-30.07	HKD	-18.84
		United Renewable	12.050	05:30	-0.82	12.200	-1.23	19.400	-7.200	-37.11	TWD	-19.29
	L	Daqo New Energy	23.010	Tue	3.23	22.290	3.23	40.710	-18.420	-45.25	USD	-21.86
		Voltalia	7.850	Tue	3.43	7.590	3.43	16.480	-8.890	-53.94	EUR	-24.67
	S	BCPG	6.600	09:35	-0.75	6.500	1.54	9.350	-2.850	-30.48	THB	-25.61
	S	SMA Solar	48.840	Tue	3.47	47.200	3.47	87.250	-40.050	-45.90	EUR	-27.60
	S	Sunrun	10.270	Tue	2.19	10.050	2.19	19.610	-9.560	-48.75	USD	-28.59
	S	Solaria Energía	9.865	Tue	1.81	9.695	1.75	13.410	-3.715	-27.70	EUR	-28.65
		Xinte Energy	8.170	08:08	-0.97	8.720	-6.31	16.500	-7.780	-47.15	HKD	-29.97
		Array Tech	11.940	Tue	2.14	11.690	2.14	22.440	-10.750	-47.91	USD	-32.69
	S	JinkoSolar	22.900	Tue	4.95	21.820	4.95	40.700	-18.880	-46.39	USD	-32.96
		⇓instrument	freshest		⇓ Δday	4/22/24	⇓ Δwk	6/12/23	prc diff	⇓ Δ45	Curr	∅-RS
	S	Altus Power	3.820	Tue	5.52	3.620	5.52	5.400	-1.780	-32.96	USD	-33.84
	S	Canadian Solar	14.870	Tue	-0.67	14.970	-0.67	37.550	-22.580	-60.13	USD	-41.27
	S	Shoals Technologies	8.460	Tue	0.36	8.430	0.36	25.800	-17.370	-67.33	USD	-49.44
		SolarEdge	56.770	Tue	4.15	54.510	4.15	285.420	-230.910	-80.90	USD	-49.72
		SunPower	1.960	Tue	-8.41	2.140	-8.41	11.350	-9.210	-81.15	USD	-57.29
	S	Sunnova Energy	3.920	Tue	2.62	3.820	2.62	18.240	-14.420	-79.06	USD	-63.63
PPVX - 30 out of 30 instruments rated - 4/22/24 / 6/12/23 - 4 did rise, Market-Ratio(45) = 13.33 %

Technical Chart

	PPVX RS = 45 - B/S = 40/47

1/06/20	scale up chart	4/22/24

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

														⇐
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		1/16/06	14		- cash -
short	1/16/06	1/23/06	7		Beijing Energy	100	57,142	HKD	0.175	0.160	0.191	0.016	9	10,937	10,580
1/23/06		7/24/06	182		- cash -
	7/24/06	8/07/06	14		Beijing Energy	100	78,122	HKD	0.140	0.140	0.140	0.000	0	10,937	0
8/07/06		12/25/06	140		- cash -
	12/25/06	1/01/07	7		Beijing Energy	100	78,122	HKD	0.140	0.140	0.140	0.000	0	10,937	0
1/01/07		1/08/07	7		- cash -
	1/08/07	1/22/07	14		Motech Industries	100	21	TWD	497.160	568.080	426.240	-70.920	-14	9,448	-98
1/22/07		7/28/08	553		- cash -
	7/28/08	8/31/09	399		JA Solar Energy	100	122	USD	77.300	17.600	339.505	262.205	339	41,437	287
8/31/09		5/31/10	273		- cash -
	5/31/10	6/28/10	28		SunPower	100	3,382	USD	12.250	12.850	11.650	-0.600	-5	39,408	-48
6/28/10		7/11/11	378		- cash -
	7/11/11	3/04/13	602		REC Silicon	100	497	NOK	79.200	9.700	646.664	567.464	716	321,437	257
3/04/13		3/25/13	21		- cash -
	3/25/13	5/13/13	49		Meyer Burger	100	44,830	CHF	7.170	6.300	8.160	0.990	14	365,823	162
5/13/13		10/13/14	518		- cash -
	10/13/14	10/20/14	7		SMA Solar	100	20,633	EUR	17.730	19.210	16.250	-1.480	-8	335,287	-99
10/20/14		11/10/14	21		- cash -
	11/10/14	3/30/15	140		SMA Solar	100	17,674	EUR	18.970	11.790	30.523	11.553	61	539,467	246
3/30/15		5/04/15	35		- cash -
	5/04/15	10/26/15	175		SFCE	100	102,951	HKD	5.240	2.610	10.520	5.280	101	1,083,069	328
10/26/15		11/16/15	21		- cash -
	11/16/15	11/30/15	14		TerraForm Power	100	82,488	USD	13.130	6.900	24.985	11.855	90	2,060,973	> 999,999
11/30/15		1/11/16	42		- cash -
	1/11/16	7/04/16	175		TerraForm Power	100	206,097	USD	10.000	10.940	9.060	-0.940	-9	1,867,241	-19
7/04/16		7/11/16	7		- cash -
	7/11/16	7/31/17	385		SFCE	100	1,812,855	HKD	1.030	0.425	2.496	1.466	142	4,525,249	131
7/31/17		7/16/18	350		- cash -
	7/16/18	4/22/19	280		Beijing Energy	100	8,380,091	HKD	0.540	0.335	0.870	0.330	61	7,294,031	86
4/22/19		3/16/20	329		- cash -
	3/16/20	3/30/20	14		Meyer Burger	100	48,691,798	CHF	0.150	0.165	0.135	-0.015	-10	6,549,047	-94
3/30/20		11/22/21	602		- cash -
	11/22/21	3/21/22	119		Scatec	100	40,363	NOK	162.250	136.850	192.364	30.114	19	7,764,554	69
3/21/22		4/25/22	35		- cash -
	4/25/22	8/08/22	105		Shoals Technologies	100	745,158	USD	10.420	23.780	0.000	-10.420	-100	8	-100
8/08/22		9/12/22	35		- cash -
	9/12/22	11/21/22	70		Azure Power Global	100	1	USD	5.560	5.310	5.822	0.262	5	8	27
11/21/22		2/06/23	77		- cash -
	2/06/23	3/06/23	28		ReNew Energy Global	100	1	USD	5.590	4.550	6.868	1.278	23	10	1,363
3/06/23		4/03/23	28		- cash -
	4/03/23	4/23/24	386		SunPower	100	0	USD	13.620	1.960	94.645	81.025	595	10	0
accum	1/16/06	4/23/24	3019	days out of 6687 invested (45%)								-100		10	-57

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
REC Silicon	short	7/11/11	3/04/13	602	79.20	9.70	646.66	567.46	716.49	716.49
SunPower		5/31/10	6/28/10	28	12.25	12.85	11.65	-0.60	-4.90
		4/03/23	4/23/24	386	13.62	1.96	94.65	81.03	594.90	560.86
SFCE		5/04/15	10/26/15	175	5.24	2.61	10.52	5.28	100.77
		7/11/16	7/31/17	385	1.03	0.43	2.50	1.47	142.35	386.56
JA Solar Energy		7/28/08	8/31/09	399	77.30	17.60	339.51	262.21	339.20	339.20
Beijing Energy		1/16/06	1/23/06	7	0.18	0.16	0.19	0.02	9.37
		7/24/06	8/07/06	14	0.14	0.14	0.14	0.00	0.00
		12/25/06	1/01/07	7	0.14	0.14	0.14	0.00	0.00
		7/16/18	4/22/19	280	0.54	0.34	0.87	0.33	61.19	76.29
TerraForm Power		11/16/15	11/30/15	14	13.13	6.90	24.99	11.86	90.29
		1/11/16	7/04/16	175	10.00	10.94	9.06	-0.94	-9.40	72.40
SMA Solar		10/13/14	10/20/14	7	17.73	19.21	16.25	-1.48	-8.35
		11/10/14	3/30/15	140	18.97	11.79	30.52	11.55	60.90	47.47
ReNew Energy Global		2/06/23	3/06/23	28	5.59	4.55	6.87	1.28	22.86	22.86
Scatec		11/22/21	3/21/22	119	162.25	136.85	192.36	30.11	18.56	18.56
Azure Power Global		9/12/22	11/21/22	70	5.56	5.31	5.82	0.26	4.71	4.71
Meyer Burger		3/25/13	5/13/13	49	7.17	6.30	8.16	0.99	13.81
		3/16/20	3/30/20	14	0.15	0.17	0.13	-0.02	-10.21	2.18
Motech Industries		1/08/07	1/22/07	14	497.16	568.08	426.24	-70.92	-14.27	-14.27
Shoals Technologies		4/25/22	8/08/22	105	10.42	23.78	0.00	-10.42	-100.00	-100.00

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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