Assessment - Photon Photovoltaik-Aktienindex in Renminbi yuán - 2/22/21 - RS = 37

 ⇐ 

								instrument	freshest		⇓ Δday	2/22/21	⇓ Δwk	6/08/20	prc diff	⇓ Δ37		⇓∅-RS
								SOM Price Index	34,154.002	16:38	3.06	34,554.055	-1.16	14,964.426	19,589.629	130.91		84.90
								Array Tech	254.386	15:32	6.20	248.701	2.29					-na-
								Azure Power Global	205.421	15:32	4.88	199.994	2.71	105.370	94.624	89.80		34.75
						L		BCPG	3.280	09:36	2.70	3.172	3.40	3.922	-0.750	-19.11		2.48
								Canadian Solar	313.428	15:32	3.39	310.327	1.00	142.755	167.573	117.39		74.69
						L		Daqo New Energy	727.079	15:32	7.97	615.293	18.17	87.617	527.675	602.25		361.18
								Encavis	146.048	16:35	5.93	147.620	-1.06	97.527	50.094	51.36		34.84
								Enphase Energy	1,150.807	15:32	1.19	1,084.336	6.13	373.847	710.489	190.05		135.60
								First Solar	542.620	15:31	3.68	559.480	-3.01	384.731	174.750	45.42		35.27
						L		GCL Poly Energy	2.550	08:08	7.37	2.342	8.90	0.224	2.118	943.64		670.78
						L		Grenergy Renovables	290.052	16:35	5.73	273.545	6.03	121.709	151.837	124.75		107.10
								JinkoSolar	336.554	15:30	1.48	337.846	-0.38	135.193	202.653	149.90		92.88
								Maxeon Solar	217.436	15:32	-0.03	234.425	-7.25					-na-
						L		Meyer Burger	3.209	16:31	0.23	3.594	-10.72	1.351	2.243	166.02		120.23
								Neoen	394.597	16:38	3.72	388.309	1.62	272.149	116.160	42.68		20.98
						L		Panda Green Energy	0.221	08:08	-1.85	0.246	-10.17	0.134	0.112	83.35		35.87
								ReneSola	100.417	15:31	4.05	102.516	-2.05	8.480	94.036	1,108.85		702.13
								Scatec	200.912	15:28	4.94	196.488	2.25	123.574	72.914	59.00		43.97
								Shoals Technologies	231.453	15:32	9.84	256.517	-9.77					-na-
						L		Sino-American Sili	38.620	05:30	-2.34	40.470	-4.57	23.553	16.917	71.83		64.06
								SMA Solar	418.572	16:35		425.253	-1.57	232.883	192.370	82.60		57.16
								SolarEdge	1,927.142	15:31	0.01	1,864.934	3.34	1,066.348	798.586	74.89		61.18
								Solaria Energía	151.943	16:35	3.92	152.808	-0.57	75.060	77.748	103.58		54.70
								Solarpack	152.887	16:35	2.10	156.424	-2.26	110.535	45.888	41.51		25.58
								Soltec Power	62.334	16:35	-1.25	85.365	-26.98					-na-
								instrument	freshest		⇓ Δday	2/22/21	⇓ Δwk	6/08/20	prc diff	⇓ Δ37		⇓∅-RS
								Sunnova Energy	289.720	15:32	0.02	268.726	7.81	115.688	153.038	132.29		87.60
								SunPower	239.722	15:31	6.73	216.596	10.68	63.038	153.558	243.59		192.48
								Sunrun	427.959	15:31	5.86	409.484	4.51	138.797	270.687	195.02		121.28
								United Renewable	3.272	05:30	0.71	3.226	1.43	1.494	1.732	115.92		62.09
								West Holdings	183.611	06:15	-0.03	240.201	-23.56	121.210	118.991	98.17		58.52
								Xinyi Solar	14.218	08:08	4.66	15.768	-9.83	5.729	10.040	175.26		114.03
PPVX - 26 out of 30 instruments rated - 2/22/21 / 6/08/20 - 25 did rise, Market-Ratio(37) in CNY = 96.15 %

 

Technical Chart

	PPVX RS = 37 - B/S = 52/31
1/02/17	scale up chart	2/22/21

 

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				Panda Green 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				Panda Green Energy	100	134,598,313		0.897	0.460		-0.437	-49	61,905,321	-48
short	7/16/18	4/29/19	287				Panda Green Energy	100	134,598,314		0.460	0.288	0.735	0.275	60	98,983,600	82
long	4/29/19	3/01/21	672				Enphase Energy	100	1,439,897		68.743	1,150.807		1,082.064	1,574	1,657m	362
accum	11/13/06	3/01/21	5222	days out of 5537 invested (94%)										16,570,336		1,657m	132

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	3/01/21	672	68.74	1,150.81		1,082.06	1,574.06			1,574.06
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
GCL Poly Energy	long	7/06/09	7/18/11	742	2.32	3.34		1.02	44.11			44.11
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
Panda Green 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

Annotations

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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