Assessment - Photon Photovoltaik-Aktienindex in Renminbi yuán - 7/01/24 - RS = 37

 ⇐ 

								⇓instrument	freshest		⇓ Δday	7/01/24	⇓ Δwk	10/16/23	prc diff	⇓ Δ37		∅-RS
						L		SOM Price Index	17,814.917	8/12/24	-1.07	18,851.441	-5.50	24,415.116	-5,563.675	-22.79		-21.14
						L		First Solar	1,596.552	8/12/24	3.51	1,621.895	-1.56	1,105.090	516.805	46.77		31.30
						L		Nextracker	283.873	8/12/24	-2.01	335.871	-15.48	249.593	86.278	34.57		5.76
						L		Neoen	299.802	8/12/24	-0.10	291.678	2.79	189.873	101.804	53.62		35.74
						L		Grenergy Renovables	269.103	8/12/24	1.32	269.103		144.023	125.079	86.85		30.32
						L		Scatec	57.720	8/12/24	-1.46	58.607	-1.51	38.305	20.302	53.00		21.76
								Encavis	132.794	8/12/24		132.013	0.59	94.821	37.192	39.22		19.16
						L		Sino-American Sili	42.017	8/12/24	0.80	49.616	-15.32	37.575	12.041	32.04		19.99
						L		Voltalia	79.520	8/12/24	-0.97	71.709	10.89	70.124	1.585	2.26		-2.27
						L		GCL Poly Energy	1.063	8/12/24		1.082	-1.72	1.271	-0.189	-14.89		-7.02
								ReNew Energy Global	42.821	8/12/24	-0.84	44.278	-3.29	40.759	3.519	8.63		0.85
						L		Enphase Energy	794.598	8/12/24	1.16	708.300	12.18	928.468	-220.168	-23.71		-16.69
						L		Enlight Renewable	11,684.390	8/12/24	-3.23	10,861.299	7.58	9,588.231	1,273.068	13.28		-10.43
						L		Sunrun	126.206	8/12/24	-3.13	79.489	58.77	87.142	-7.653	-8.78		-16.53
								West Holdings	96.545	8/09/24	-1.38	112.005	-13.80	170.714	-58.709	-34.39		-20.86
						L		Solaria Energía	86.316	8/12/24	1.47	90.612	-4.74	109.963	-19.351	-17.60		-10.59
						L		United Renewable	2.526	8/12/24	0.89	2.961	-14.72	3.169	-0.208	-6.55		-6.00
						S		Flat Glass	10.892	8/12/24	-3.63	10.724	1.57	15.776	-5.052	-32.02		-29.44
								Altus Power	21.411	8/12/24	-6.96	27.164	-21.18	39.225	-12.061	-30.75		-28.45
								Xinyi Solar	3.292	8/12/24	0.28	3.665	-10.18	5.178	-1.513	-29.22		-24.98
						L		JinkoSolar	137.276	8/12/24	-3.48	149.802	-8.36	223.516	-73.714	-32.98		-29.94
						L		Xinte Energy	7.031	8/12/24	1.62	7.553	-6.91	14.056	-6.503	-46.26		-26.50
						L		Array Tech	51.196	8/12/24	-0.99	69.694	-26.54	136.374	-66.680	-48.90		-38.89
								Daqo New Energy	116.958	8/12/24	-4.74	104.213	12.23	191.888	-87.675	-45.69		-43.05
						L		Canadian Solar	96.130	8/12/24	-2.51	102.028	-5.78	165.446	-63.417	-38.33		-36.31
								⇓instrument	freshest		⇓ Δday	7/01/24	⇓ Δwk	10/16/23	prc diff	⇓ Δ37		∅-RS
								BCPG	1.101	8/09/24		1.240	-11.20	1.775	-0.535	-30.15		-24.59
						S		SMA Solar	171.070	8/12/24	-1.26	206.846	-17.30	495.875	-289.029	-58.29		-54.43
						L		SunPower	1.457	8/12/24	-4.76	19.736	-92.62	42.293	-22.557	-53.34		-31.79
						L		Sunnova Energy	48.210	8/12/24	-4.47	38.088	26.58	76.916	-38.828	-50.48		-34.92
						S		Shoals Technologies	37.359	8/12/24	0.20	44.496	-16.04	115.410	-70.914	-61.45		-53.46
						S		SolarEdge	156.138	8/12/24	1.13	174.563	-10.55	902.830	-728.267	-80.66		-70.73
PPVX - 30 out of 30 instruments rated - 7/01/24 / 10/16/23 - 10 did rise, Market-Ratio(37) in CNY = 33.33 %

 

Technical Chart

	PPVX RS = 37 - B/S = 52/31
1/04/21	scale up chart	7/01/24

 

Transactions Photon Photovoltaik-Aktienindex in Renminbi yuán * A37 - 52/31 (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		11/13/06	315				- cash -
short	11/13/06	2/05/07	84				Beijing Energy	100	64,351		0.155	0.129	0.187	0.032	20	12,034	124
long	2/05/07	6/23/08	504				SunPower	100	33		355.136	568.647		213.511	60	19,080	41
short	6/23/08	7/06/09	378				JA Solar Energy	100	31		602.704	129.127	2,813.142	2,210.438	367	87,603	343
long	7/06/09	7/18/11	742				GCL Poly Energy	100	37,767		2.320	3.343		1.023	44	126,242	20
short	7/18/11	1/14/13	546				REC Silicon	100	1,501		84.063	13.491	523.781	439.718	523	786,259	240
long	1/14/13	10/06/14	630				SFCE	100	1,676,253		0.469	6.142		5.673	1,210	10,296,174	344
short	10/06/14	4/20/15	196				SMA Solar	100	66,937		153.818	97.722	242.117	88.298	57	16,206,592	133
long	4/20/15	5/11/15	21				Encavis	100	377,573		42.923	47.151		4.228	10	17,802,940	412
short	5/11/15	6/29/15	49				REC Silicon	100	1,221,399		14.576	13.668	15.544	0.968	7	18,985,315	61
long	6/29/15	7/27/15	28				Encavis	100	426,726		44.491	51.022		6.531	15	21,772,455	496
short	7/27/15	7/03/17	707				SFCE	100	10,257,588		2.123	0.383	11.764	9.641	454	121m	142
long	7/03/17	7/16/18	378				Beijing Energy	100	134,598,313		0.897	0.460		-0.437	-49	61,905,321	-48
short	7/16/18	4/29/19	287				Beijing Energy	100	134,598,314		0.460	0.288	0.735	0.275	60	98,983,600	82
long	4/29/19	9/20/21	875				Enphase Energy	100	1,439,897		68.743	985.170		916.427	1,333	1,419m	204
short	9/20/21	11/22/21	63				Scatec	100	11,570,829		122.597	116.027	129.538	6.941	6	1,499m	38
long	11/22/21	12/20/21	28				GCL Poly Energy	100	530,087,206		2.828	1.904		-0.924	-33	1,009m	-99
short	12/20/21	8/22/22	245				Daqo New Energy	100	4,163,501		242.414	426.412	58.416	-183.998	-76	243m	-88
long	8/22/22	12/19/22	119				Array Tech	100	1,733,118		140.335	142.620		2.285	2	247m	5
short	12/19/22	1/16/23	28				Flat Glass	100	15,012,099		16.465	19.611	13.319	-3.146	-19	200m	-94
long	1/16/23	2/20/23	35				First Solar	100	164,889		1,212.599	1,125.259		-87.340	-7	186m	-54
short	2/20/23	8/12/24	539				Scatec	100	3,800,292		48.823	57.720	39.927	-8.896	-18	152m	-13
accum	11/13/06	8/12/24	6815	days out of 7130 invested (96%)										1,517,247		152m	67

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
SFCE	long	1/14/13	10/06/14	630	0.47	6.14		5.67	1,209.51
	short	7/27/15	7/03/17	707	2.12	0.38	11.76	9.64	454.23			7,157.71
Enphase Energy	long	4/29/19	9/20/21	875	68.74	985.17		916.43	1,333.11			1,333.11
REC Silicon	short	7/18/11	1/14/13	546	84.06	13.49	523.78	439.72	523.08
	short	5/11/15	6/29/15	49	14.58	13.67	15.54	0.97	6.64			564.47
JA Solar Energy	short	6/23/08	7/06/09	378	602.70	129.13	2,813.14	2,210.44	366.75			366.75
SunPower	long	2/05/07	6/23/08	504	355.14	568.65		213.51	60.12			60.12
SMA Solar	short	10/06/14	4/20/15	196	153.82	97.72	242.12	88.30	57.40			57.40
Encavis	long	4/20/15	5/11/15	21	42.92	47.15		4.23	9.85
	long	6/29/15	7/27/15	28	44.49	51.02		6.53	14.68			25.98
Array Tech	long	8/22/22	12/19/22	119	140.33	142.62		2.28	1.63			1.63
Beijing Energy	short	11/13/06	2/05/07	84	0.16	0.13	0.19	0.03	20.34
	long	7/03/17	7/16/18	378	0.90	0.46		-0.44	-48.70
	short	7/16/18	4/29/19	287	0.46	0.29	0.74	0.28	59.90			-1.29
GCL Poly Energy	long	7/06/09	7/18/11	742	2.32	3.34		1.02	44.11
	long	11/22/21	12/20/21	28	2.83	1.90		-0.92	-32.66			-2.96
First Solar	long	1/16/23	2/20/23	35	1,212.60	1,125.26		-87.34	-7.20			-7.20
Scatec	short	9/20/21	11/22/21	63	122.60	116.03	129.54	6.94	5.66
	short	2/20/23	8/12/24	539	48.82	57.72	39.93	-8.90	-18.22			-13.59
Flat Glass	short	12/19/22	1/16/23	28	16.47	19.61	13.32	-3.15	-19.11			-19.11
Daqo New Energy	short	12/20/21	8/22/22	245	242.41	426.41	58.42	-184.00	-75.90			-75.90

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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