Assessment - Photon Photovoltaik-Aktienindex in Japanese yen - 6/01/20 - RS = 9
⇐
⇓ freshest
⇓ 6/01/20
⇓ 3/30/20
prc diff
⇓
∅-RS
SOM Price Index
224,473.596
Fri
2.29
215,990.091
3.93
168,055.885
47,934.206
28.52
9.69
L
Enphase Energy
5,870.383
Fri
5.71
6,417.741
-8.53
3,452.014
2,965.727
85.91
123.20
SolarEdge
15,945.418
Fri
4.13
16,205.655
-1.61
8,806.950
7,398.706
84.01
80.97
Solaria Energía
1,173.158
Fri
1,173.158
875.178
297.980
34.05
50.63
L
Scatec Solar
1,854.479
Fri
0.06
1,835.488
1.03
1,314.745
520.743
39.61
35.94
L
West Holdings
1,849.000
Fri
-3.45
1,973.000
-6.28
1,415.000
558.000
39.43
41.36
Encavis
1,484.404
Fri
2.14
1,465.250
1.31
1,057.110
408.141
38.61
40.37
Neoen
4,100.068
Fri
1.03
3,968.387
3.32
3,377.044
591.343
17.51
27.94
Xinyi Solar
84.249
Fri
0.83
81.612
3.23
60.679
20.934
34.50
22.97
Azure Power Global
1,509.804
Fri
4.00
1,591.531
-5.14
1,530.752
60.779
3.97
17.86
Sunrun
2,009.845
Fri
2.21
1,900.159
5.77
1,058.258
841.901
79.56
16.18
Vivint Solar
965.672
Fri
0.56
882.869
9.38
496.227
386.643
77.92
15.38
Daqo New Energy
6,331.712
Fri
4.82
5,837.047
8.47
5,996.795
-159.748
-2.66
14.69
Solarpack
1,651.998
Fri
-1.43
1,622.071
1.85
1,212.882
409.189
33.74
14.50
Thai Solar Energy
9.936
Fri
1.39
10.072
-1.35
5.922
4.149
70.06
11.20
7C Solarparken
436.942
Fri
-1.88
442.927
-1.35
380.512
62.415
16.40
12.26
L
BCPG
58.865
Fri
1.17
58.184
1.17
39.372
18.812
47.78
0.57
S
Sino-American Sili
320.517
Fri
0.45
315.840
1.48
281.965
33.876
12.01
1.77
S
SMA Solar
3,620.030
Fri
3.63
3,198.651
13.17
2,944.212
254.440
8.64
-0.26
Canadian Solar
2,067.915
Fri
2,011.996
2.78
1,687.172
324.824
19.25
-3.18
SPCG
60.906
Fri
59.886
1.70
46.320
13.566
29.29
-6.79
First Solar
5,525.193
Fri
3.57
5,162.797
7.02
3,889.988
1,272.809
32.72
-7.91
SunPower
860.287
Fri
5.40
795.765
8.11
581.449
214.317
36.86
-12.69
S
Edisun Power Europe
12,983.974
Fri
9.43
11,640.804
11.54
11,912.691
-271.887
-2.28
-11.35
JinkoSolar
1,941.022
Fri
3.62
1,677.560
15.71
1,610.580
66.979
4.16
-15.50
⇓ freshest
⇓ 6/01/20
⇓ 3/30/20
prc diff
⇓
∅-RS
United Renewable
22.483
Fri
0.81
21.692
3.65
17.289
4.403
25.47
-14.72
S
GCL Poly Energy
3.609
Fri
10.17
3.137
15.04
3.396
-0.259
-7.63
-26.76
China Singyes Solar
7.495
Fri
3.85
6.940
8.00
6.680
0.260
3.89
-30.80
S
Panda Green Energy
1.985
Fri
2.88
1.707
16.26
2.185
-0.478
-21.87
-42.20
Meyer Burger
20.483
Fri
1.55
19.532
4.87
18.555
0.977
5.27
-44.04
Sunnova Energy
1,719.499
Fri
1.98
1,767.890
-2.74
1,093.857
674.033
61.62
-na-
PPVX - 30 out of 30 instruments rated - 6/01/20 / 3/30/20 - 26 did rise, Market-Ratio(9) in JPY = 86.67 %
Technical Chart
Transactions Photon Photovoltaik-Aktienindex in Japanese yen * L9 - 45 ex 1 (1)
⇐ L/S date buy date sell days instrument spl pieces prc buy prc sell prc diff d % asset yield
1/02/06 1/23/06 21 - cash -
long
1/23/06
4/03/06
70
Encavis
100
44
224.416
235.916
11.501
5
10,506
30
4/03/06 4/10/06 7 - cash -
4/10/06
5/01/06
21
Encavis
100
38
269.792
271.094
1.301
0
10,555
9
5/01/06 5/08/06 7 - cash -
5/08/06
5/15/06
7
Encavis
100
39
270.170
268.265
-1.905
-1
10,481
-31
5/15/06 5/22/06 7 - cash -
5/22/06
5/29/06
7
Encavis
100
38
269.132
270.660
1.528
1
10,539
34
5/29/06 8/14/06 77 - cash -
8/14/06
8/21/06
7
Encavis
100
51
204.333
205.106
0.773
0
10,579
22
8/21/06 9/11/06 21 - cash -
9/11/06
9/18/06
7
Encavis
100
51
204.664
205.451
0.787
0
10,619
22
9/18/06
9/25/06
7
Panda Green Energy
100
4,398
2.414
2.395
-0.020
-1
10,532
-35
9/25/06
10/02/06
7
Encavis
100
35
296.957
288.307
-8.650
-3
10,230
-79
10/02/06 10/09/06 7 - cash -
10/09/06
11/27/06
49
Encavis
100
35
285.862
290.640
4.778
2
10,397
13
11/27/06 12/04/06 7 - cash -
12/04/06
12/11/06
7
Encavis
100
35
294.853
294.106
-0.747
0
10,371
-12
12/11/06
12/18/06
7
SunPower
100
2
4,522.601
4,381.847
-140.754
-3
10,089
-81
12/18/06
1/29/07
42
SPCG
100
963
10.472
9.679
-0.793
-8
9,326
-50
1/29/07
2/19/07
21
SunPower
100
1
5,383.769
5,373.763
-10.005
0
9,316
-3
2/19/07
3/05/07
14
Encavis
100
24
384.381
377.325
-7.056
-2
9,147
-38
3/05/07
4/16/07
42
Panda Green Energy
100
2,805
3.260
3.743
0.482
15
10,500
232
4/16/07
4/23/07
7
SunPower
100
1
6,522.150
6,741.186
219.036
3
10,719
460
4/23/07
4/30/07
7
Panda Green Energy
100
2,478
4.325
4.136
-0.188
-4
10,252
-90
4/30/07
5/14/07
14
SunPower
100
1
7,257.333
6,806.906
-450.427
-6
9,801
-81
5/14/07
9/17/07
126
Panda Green Energy
100
2,278
4.302
39.242
34.940
812
89,395
60,336
9/17/07 10/01/07 14 - cash -
10/01/07
1/14/08
105
Panda Green Energy
100
2,657
33.643
20.206
-13.438
-40
53,691
-83
1/14/08 3/31/08 77 - cash -
3/31/08
5/12/08
42
First Solar
100
1
27,588.795
32,000.272
4,411.477
16
58,102
263
5/12/08
6/23/08
42
Canadian Solar
100
16
3,507.133
5,067.354
1,560.221
44
83,066
2,349
6/23/08 12/29/08 189 - cash -
12/29/08
2/23/09
56
Encavis
100
336
246.500
226.951
-19.548
-8
76,498
-42
2/23/09 3/23/09 28 - cash -
3/23/09
3/30/09
7
Encavis
100
317
240.664
247.875
7.211
3
78,784
366
3/30/09
4/06/09
7
West Holdings
100
134,290
0.587
0.597
0.010
2
80,127
141
L/S date buy date sell days instrument spl pieces prc buy prc sell prc diff d % asset yield
4/06/09
8/03/09
119
GCL Poly Energy
100
6,125
13.080
41.539
28.459
218
254,439
3,362
8/03/09
8/17/09
14
West Holdings
100
104,278
2.440
2.600
0.160
7
271,124
424
8/17/09 8/24/09 7 - cash -
8/24/09
8/31/09
7
West Holdings
100
75,662
3.583
3.407
-0.177
-5
257,757
-93
8/31/09 9/07/09 7 - cash -
9/07/09
11/02/09
56
West Holdings
100
74,352
3.467
5.333
1.867
54
396,547
1,557
11/02/09 11/09/09 7 - cash -
11/09/09
11/16/09
7
West Holdings
100
69,978
5.667
4.650
-1.017
-18
325,403
-100
11/16/09 11/23/09 7 - cash -
11/23/09
1/11/10
49
West Holdings
100
77,476
4.200
4.347
0.147
3
336,766
29
1/11/10
1/18/10
7
SPCG
100
13,582
24.795
15.153
-9.642
-39
205,814
-100
1/18/10
1/25/10
7
West Holdings
100
46,564
4.420
3.947
-0.473
-11
183,774
-100
1/25/10 2/01/10 7 - cash -
2/01/10
2/08/10
7
SPCG
100
9,472
19.400
18.554
-0.846
-4
175,764
-90
2/08/10 3/29/10 49 - cash -
3/29/10
5/03/10
35
SPCG
100
9,725
18.073
18.302
0.229
1
177,993
14
5/03/10 7/12/10 70 - cash -
7/12/10
10/11/10
91
SPCG
100
10,913
16.309
17.244
0.935
6
188,196
25
10/11/10
11/22/10
42
Panda Green Energy
100
13,342
14.105
18.874
4.769
34
251,826
1,157
11/22/10 11/29/10 7 - cash -
11/29/10
12/06/10
7
SPCG
100
6,961
36.176
35.751
-0.425
-1
248,865
-46
12/06/10 12/13/10 7 - cash -
12/13/10
12/27/10
14
SPCG
100
6,284
39.600
40.164
0.564
1
252,409
45
12/27/10 1/17/11 21 - cash -
1/17/11
5/23/11
126
SPCG
100
3,129
80.646
83.427
2.780
3
261,109
10
5/23/11 12/05/11 196 - cash -
12/05/11
12/12/11
7
Encavis
100
805
324.213
327.118
2.905
1
263,448
59
12/12/11 1/23/12 42 - cash -
1/23/12
3/12/12
49
Encavis
100
840
313.514
339.874
26.359
8
285,589
82
3/12/12
3/19/12
7
West Holdings
100
58,105
4.915
4.465
-0.450
-9
259,442
-99
3/19/12
3/26/12
7
Encavis
100
744
348.258
334.366
-13.892
-4
249,106
-88
3/26/12 9/10/12 168 - cash -
9/10/12
9/24/12
14
West Holdings
100
34,007
7.325
6.000
-1.325
-18
204,047
-99
9/24/12
10/15/12
21
Panda Green Energy
100
15,691
13.003
12.348
-0.655
-5
193,763
-59
10/15/12
10/22/12
7
West Holdings
100
29,994
6.460
5.745
-0.715
-11
172,317
-100
10/22/12 11/05/12 14 - cash -
11/05/12
11/12/12
7
China Singyes Solar
100
3,669
46.964
55.078
8.115
17
202,090
406,654
11/12/12 12/17/12 35 - cash -
12/17/12
2/18/13
63
China Singyes Solar
100
2,990
67.589
104.996
37.408
55
313,940
1,183
2/18/13
3/04/13
14
SunPower
100
250
1,252.012
1,119.298
-132.714
-11
280,761
-95
L/S date buy date sell days instrument spl pieces prc buy prc sell prc diff d % asset yield
3/04/13
3/11/13
7
China Singyes Solar
100
2,443
114.887
99.770
-15.117
-13
243,831
-100
3/11/13
3/18/13
7
SunPower
100
209
1,162.579
1,115.656
-46.923
-4
234,024
-88
3/18/13 5/20/13 63 - cash -
5/20/13
7/01/13
42
SunPower
100
99
2,342.844
2,121.577
-221.266
-9
212,118
-58
7/01/13
7/08/13
7
Canadian Solar
100
181
1,169.842
1,245.584
75.742
6
225,828
2,534
7/08/13
7/22/13
14
SunPower
100
93
2,409.208
2,639.166
229.957
10
247,214
977
7/22/13 8/12/13 21 - cash -
8/12/13
9/02/13
21
Canadian Solar
100
197
1,249.148
1,316.525
67.378
5
260,487
149
9/02/13 9/09/13 7 - cash -
9/09/13
9/30/13
21
Canadian Solar
100
184
1,408.485
1,655.992
247.507
18
306,029
1,567
9/30/13
10/07/13
7
Daqo New Energy
100
118
2,579.020
2,299.955
-279.066
-11
273,099
-100
10/07/13
10/21/13
14
Canadian Solar
100
147
1,850.994
2,269.769
418.774
23
334,659
20,285
10/21/13
10/28/13
7
Daqo New Energy
100
89
3,726.661
2,937.234
-789.428
-21
264,400
-100
10/28/13
11/18/13
21
Canadian Solar
100
118
2,231.008
3,099.197
868.188
39
366,846
30,176
11/18/13
11/25/13
7
Daqo New Energy
100
80
4,574.814
3,957.145
-617.669
-14
317,432
-100
11/25/13
12/09/13
14
Canadian Solar
100
108
2,930.278
2,782.532
-147.746
-5
301,476
-74
12/09/13 1/13/14 35 - cash -
1/13/14
1/27/14
14
Canadian Solar
100
81
3,686.468
3,837.827
151.360
4
313,736
185
1/27/14 2/03/14 7 - cash -
2/03/14
3/10/14
35
Canadian Solar
100
86
3,637.180
3,722.835
85.655
2
321,102
27
3/10/14
3/24/14
14
Daqo New Energy
100
60
5,331.174
3,691.808
-1,639.366
-31
222,740
-100
3/24/14 3/31/14 7 - cash -
3/31/14
4/14/14
14
Daqo New Energy
100
50
4,421.009
4,047.763
-373.245
-8
204,078
-90
4/14/14 4/21/14 7 - cash -
4/21/14
4/28/14
7
Daqo New Energy
100
50
4,029.915
4,235.198
205.284
5
214,342
1,234
4/28/14 6/16/14 49 - cash -
6/16/14
6/23/14
7
SunPower
100
54
3,926.767
4,075.459
148.691
4
222,371
594
6/23/14
7/07/14
14
Daqo New Energy
100
68
3,224.494
3,162.448
-62.046
-2
218,152
-40
7/07/14
7/14/14
7
China Singyes Solar
100
1,251
174.311
161.405
-12.906
-7
202,007
-98
7/14/14
7/21/14
7
Edisun Power Europe
100
48
4,125.711
3,624.610
-501.102
-12
177,954
-100
7/21/14
8/04/14
14
Enphase Energy
100
154
1,152.003
996.838
-155.165
-13
154,058
-98
8/04/14 8/11/14 7 - cash -
8/11/14
9/01/14
21
Enphase Energy
100
128
1,197.806
1,514.021
316.215
26
194,534
5,767
9/01/14 9/08/14 7 - cash -
9/08/14
10/06/14
28
Enphase Energy
100
119
1,623.845
1,234.277
-389.569
-24
148,175
-97
L/S date buy date sell days instrument spl pieces prc buy prc sell prc diff d % asset yield
10/06/14
10/13/14
7
China Singyes Solar
100
725
204.177
192.479
-11.697
-6
139,694
-95
10/13/14
10/20/14
7
Edisun Power Europe
100
36
3,843.537
3,827.813
-15.724
0
139,128
-19
10/20/14 2/09/15 112 - cash -
2/09/15
3/16/15
35
Enphase Energy
100
81
1,715.526
1,588.831
-126.695
-7
128,866
-55
3/16/15
5/11/15
56
Encavis
100
167
770.033
912.270
142.237
18
152,620
202
5/11/15
5/25/15
14
Panda Green Energy
100
6,794
22.461
22.899
0.438
2
155,592
65
5/25/15 6/01/15 7 - cash -
6/01/15
6/08/15
7
Xinyi Solar
100
2,479
62.751
59.594
-3.157
-5
147,765
-93
6/08/15 6/15/15 7 - cash -
6/15/15
6/22/15
7
Encavis
100
162
911.735
929.483
17.748
2
150,640
173
6/22/15 7/20/15 28 - cash -
7/20/15
7/27/15
7
SMA Solar
100
37
4,045.836
4,085.436
39.601
1
152,106
66
7/27/15 10/26/15 91 - cash -
10/26/15
12/14/15
49
SMA Solar
100
26
5,744.777
5,827.416
82.638
1
154,254
11
12/14/15 12/21/15 7 - cash -
12/21/15
1/11/16
21
SMA Solar
100
21
7,103.705
6,306.698
-797.006
-11
137,517
-87
1/11/16 3/14/16 63 - cash -
3/14/16
3/28/16
14
SMA Solar
100
25
5,496.878
5,229.448
-267.429
-5
130,831
-73
3/28/16 4/11/16 14 - cash -
4/11/16
5/09/16
28
SMA Solar
100
23
5,562.131
5,733.125
170.993
3
134,764
48
5/09/16 7/11/16 63 - cash -
7/11/16
7/18/16
7
Daqo New Energy
100
55
2,418.635
2,337.431
-81.204
-3
130,298
-83
7/18/16 8/15/16 28 - cash -
8/15/16
9/19/16
35
Daqo New Energy
100
54
2,379.301
2,074.065
-305.236
-13
113,815
-76
9/19/16 1/09/17 112 - cash -
1/09/17
1/23/17
14
Thai Solar Energy
100
5,598
20.330
19.045
-1.285
-6
106,623
-82
1/23/17
3/27/17
63
Solaria Energía
100
896
118.884
133.446
14.563
12
119,671
95
3/27/17 4/03/17 7 - cash -
4/03/17
4/10/17
7
Solaria Energía
100
932
128.370
114.606
-13.763
-11
106,843
-100
4/10/17 5/15/17 35 - cash -
5/15/17
5/22/17
7
Panda Green Energy
100
5,758
18.554
18.302
-0.252
-1
105,391
-51
5/22/17 5/29/17 7 - cash -
5/29/17
6/05/17
7
Panda Green Energy
100
6,088
17.309
16.335
-0.974
-6
99,461
-95
6/05/17
6/26/17
21
Solaria Energía
100
514
193.408
177.656
-15.752
-8
91,365
-77
6/26/17
7/31/17
35
Vivint Solar
100
139
652.952
567.853
-85.099
-13
79,536
-77
7/31/17
8/07/17
7
JinkoSolar
100
26
3,045.454
3,212.797
167.343
5
83,887
1,527
8/07/17
9/11/17
35
SolarEdge
100
26
3,138.621
2,718.343
-420.278
-13
72,960
-78
9/11/17
9/18/17
7
JinkoSolar
100
23
3,139.495
3,082.379
-57.116
-2
71,646
-62
9/18/17
9/25/17
7
SolarEdge
100
23
2,988.703
2,993.538
4.835
0
71,757
9
L/S date buy date sell days instrument spl pieces prc buy prc sell prc diff d % asset yield
9/25/17 10/02/17 7 - cash -
10/02/17
10/09/17
7
SolarEdge
100
22
3,241.083
3,241.083
0.000
0
71,757
0
10/09/17 10/16/17 7 - cash -
10/16/17
10/30/17
14
Sino-American Sili
100
236
303.609
312.685
9.076
3
73,899
116
10/30/17
11/20/17
21
SolarEdge
100
20
3,684.250
4,381.309
697.059
19
87,840
1,932
11/20/17
12/25/17
35
Enphase Energy
100
304
288.333
274.012
-14.321
-5
83,487
-41
12/25/17
2/05/18
42
Daqo New Energy
100
13
6,114.324
5,325.401
-788.923
-13
73,231
-70
2/05/18
2/12/18
7
Enphase Energy
100
289
253.171
288.758
35.587
14
83,516
95,051
2/12/18 2/19/18 7 - cash -
2/19/18
2/26/18
7
Enphase Energy
100
307
271.498
286.763
15.265
6
88,202
1,633
2/26/18
3/05/18
7
SolarEdge
100
16
5,446.358
5,375.004
-71.354
-1
87,060
-50
3/05/18 4/09/18 35 - cash -
4/09/18
6/11/18
63
Enphase Energy
100
196
443.035
508.410
65.376
15
99,874
122
6/11/18 8/27/18 77 - cash -
8/27/18
9/10/18
14
Solaria Energía
100
138
718.726
718.994
0.268
0
99,911
1
9/10/18 12/17/18 98 - cash -
12/17/18
12/24/18
7
West Holdings
100
7,703
12.970
12.070
-0.900
-7
92,978
-98
12/24/18 12/31/18 7 - cash -
12/31/18
1/07/19
7
West Holdings
100
7,420
12.530
12.920
0.390
3
95,872
394
1/07/19 1/14/19 7 - cash -
1/14/19
1/28/19
14
West Holdings
100
7,230
13.260
11.610
-1.650
-12
83,942
-97
1/28/19
11/25/19
301
Enphase Energy
100
111
753.711
2,303.474
1,549.763
206
255,966
288
11/25/19 12/02/19 7 - cash -
12/02/19
3/16/20
105
Enphase Energy
100
106
2,405.064
2,908.957
503.894
21
309,379
94
3/16/20 5/11/20 56 - cash -
5/11/20
6/05/20
25
Enphase Energy
100
48
6,412.340
5,870.383
-541.957
-8
283,365
-72
accum 1/23/06
6/05/20 3064
days out of 5269 invested (58%)
2,734
283,365
49
Instrument Related Contribution
instrument L/S date buy date sell days prc buy prc sell prc diff d % total Panda Green Energy long 9/18/06 9/25/06 7 2.41 2.39 -0.02 -0.81 3/05/07 4/16/07 42 3.26 3.74 0.48 14.79 4/23/07 4/30/07 7 4.32 4.14 -0.19 -4.36 5/14/07 9/17/07 126 4.30 39.24 34.94 812.26 10/01/07 1/14/08 105 33.64 20.21 -13.44 -39.94 10/11/10 11/22/10 42 14.10 18.87 4.77 33.81 9/24/12 10/15/12 21 13.00 12.35 -0.66 -5.04 5/11/15 5/25/15 14 22.46 22.90 0.44 1.95 5/15/17 5/22/17 7 18.55 18.30 -0.25 -1.36 5/29/17 6/05/17 7 17.31 16.33 -0.97 -5.63 619.50 Enphase Energy 7/21/14 8/04/14 14 1,152.00 996.84 -155.17 -13.47 8/11/14 9/01/14 21 1,197.81 1,514.02 316.21 26.40 9/08/14 10/06/14 28 1,623.85 1,234.28 -389.57 -23.99 2/09/15 3/16/15 35 1,715.53 1,588.83 -126.69 -7.39 11/20/17 12/25/17 35 288.33 274.01 -14.32 -4.97 2/05/18 2/12/18 7 253.17 288.76 35.59 14.06 2/19/18 2/26/18 7 271.50 286.76 15.27 5.62 4/09/18 6/11/18 63 443.03 508.41 65.38 14.76 1/28/19 11/25/19 301 753.71 2,303.47 1,549.76 205.62 12/02/19 3/16/20 105 2,405.06 2,908.96 503.89 20.95 5/11/20 6/05/20 25 6,412.34 5,870.38 -541.96 -8.45 242.32 Canadian Solar 5/12/08 6/23/08 42 3,507.13 5,067.35 1,560.22 44.49 7/01/13 7/08/13 7 1,169.84 1,245.58 75.74 6.47 8/12/13 9/02/13 21 1,249.15 1,316.53 67.38 5.39 9/09/13 9/30/13 21 1,408.49 1,655.99 247.51 17.57 10/07/13 10/21/13 14 1,850.99 2,269.77 418.77 22.62 10/28/13 11/18/13 21 2,231.01 3,099.20 868.19 38.91 11/25/13 12/09/13 14 2,930.28 2,782.53 -147.75 -5.04 1/13/14 1/27/14 14 3,686.47 3,837.83 151.36 4.11 2/03/14 3/10/14 35 3,637.18 3,722.84 85.66 2.35 228.58 instrument L/S date buy date sell days prc buy prc sell prc diff d % total GCL Poly Energy 4/06/09 8/03/09 119 13.08 41.54 28.46 217.58 217.58 China Singyes Solar 11/05/12 11/12/12 7 46.96 55.08 8.11 17.28 12/17/12 2/18/13 63 67.59 105.00 37.41 55.35 3/04/13 3/11/13 7 114.89 99.77 -15.12 -13.16 7/07/14 7/14/14 7 174.31 161.40 -12.91 -7.40 10/06/14 10/13/14 7 204.18 192.48 -11.70 -5.73 38.11 Encavis 1/23/06 4/03/06 70 224.42 235.92 11.50 5.12 4/10/06 5/01/06 21 269.79 271.09 1.30 0.48 5/08/06 5/15/06 7 270.17 268.26 -1.90 -0.71 5/22/06 5/29/06 7 269.13 270.66 1.53 0.57 8/14/06 8/21/06 7 204.33 205.11 0.77 0.38 9/11/06 9/18/06 7 204.66 205.45 0.79 0.38 9/25/06 10/02/06 7 296.96 288.31 -8.65 -2.91 10/09/06 11/27/06 49 285.86 290.64 4.78 1.67 12/04/06 12/11/06 7 294.85 294.11 -0.75 -0.25 2/19/07 3/05/07 14 384.38 377.32 -7.06 -1.84 12/29/08 2/23/09 56 246.50 226.95 -19.55 -7.93 3/23/09 3/30/09 7 240.66 247.88 7.21 3.00 12/05/11 12/12/11 7 324.21 327.12 2.91 0.90 1/23/12 3/12/12 49 313.51 339.87 26.36 8.41 3/19/12 3/26/12 7 348.26 334.37 -13.89 -3.99 3/16/15 5/11/15 56 770.03 912.27 142.24 18.47 6/15/15 6/22/15 7 911.74 929.48 17.75 1.95 23.56 First Solar 3/31/08 5/12/08 42 27,588.79 32,000.27 4,411.48 15.99 15.99 JinkoSolar 7/31/17 8/07/17 7 3,045.45 3,212.80 167.34 5.49 9/11/17 9/18/17 7 3,139.49 3,082.38 -57.12 -1.82 3.58 instrument L/S date buy date sell days prc buy prc sell prc diff d % total Sino-American Sili 10/16/17 10/30/17 14 303.61 312.69 9.08 2.99 2.99 SolarEdge 8/07/17 9/11/17 35 3,138.62 2,718.34 -420.28 -13.39 9/18/17 9/25/17 7 2,988.70 2,993.54 4.83 0.16 10/02/17 10/09/17 7 3,241.08 3,241.08 0.00 0.00 10/30/17 11/20/17 21 3,684.25 4,381.31 697.06 18.92 2/26/18 3/05/18 7 5,446.36 5,375.00 -71.35 -1.31 1.81 Xinyi Solar 6/01/15 6/08/15 7 62.75 59.59 -3.16 -5.03 -5.03 Thai Solar Energy 1/09/17 1/23/17 14 20.33 19.04 -1.28 -6.32 -6.32 Solaria Energía 1/23/17 3/27/17 63 118.88 133.45 14.56 12.25 4/03/17 4/10/17 7 128.37 114.61 -13.76 -10.72 6/05/17 6/26/17 21 193.41 177.66 -15.75 -8.14 8/27/18 9/10/18 14 718.73 718.99 0.27 0.04 -7.91 SMA Solar 7/20/15 7/27/15 7 4,045.84 4,085.44 39.60 0.98 10/26/15 12/14/15 49 5,744.78 5,827.42 82.64 1.44 12/21/15 1/11/16 21 7,103.70 6,306.70 -797.01 -11.22 3/14/16 3/28/16 14 5,496.88 5,229.45 -267.43 -4.87 4/11/16 5/09/16 28 5,562.13 5,733.12 170.99 3.07 -10.83 Edisun Power Europe 7/14/14 7/21/14 7 4,125.71 3,624.61 -501.10 -12.15 10/13/14 10/20/14 7 3,843.54 3,827.81 -15.72 -0.41 -12.51 Vivint Solar 6/26/17 7/31/17 35 652.95 567.85 -85.10 -13.03 -13.03 SunPower 12/11/06 12/18/06 7 4,522.60 4,381.85 -140.75 -3.11 1/29/07 2/19/07 21 5,383.77 5,373.76 -10.01 -0.19 4/16/07 4/23/07 7 6,522.15 6,741.19 219.04 3.36 4/30/07 5/14/07 14 7,257.33 6,806.91 -450.43 -6.21 2/18/13 3/04/13 14 1,252.01 1,119.30 -132.71 -10.60 3/11/13 3/18/13 7 1,162.58 1,115.66 -46.92 -4.04 5/20/13 7/01/13 42 2,342.84 2,121.58 -221.27 -9.44 7/08/13 7/22/13 14 2,409.21 2,639.17 229.96 9.54 6/16/14 6/23/14 7 3,926.77 4,075.46 148.69 3.79 -17.19 instrument L/S date buy date sell days prc buy prc sell prc diff d % total West Holdings 3/30/09 4/06/09 7 0.59 0.60 0.01 1.70 8/03/09 8/17/09 14 2.44 2.60 0.16 6.56 8/24/09 8/31/09 7 3.58 3.41 -0.18 -4.93 9/07/09 11/02/09 56 3.47 5.33 1.87 53.85 11/09/09 11/16/09 7 5.67 4.65 -1.02 -17.94 11/23/09 1/11/10 49 4.20 4.35 0.15 3.49 1/18/10 1/25/10 7 4.42 3.95 -0.47 -10.71 3/12/12 3/19/12 7 4.92 4.47 -0.45 -9.16 9/10/12 9/24/12 14 7.33 6.00 -1.33 -18.09 10/15/12 10/22/12 7 6.46 5.75 -0.72 -11.07 12/17/18 12/24/18 7 12.97 12.07 -0.90 -6.94 12/31/18 1/07/19 7 12.53 12.92 0.39 3.11 1/14/19 1/28/19 14 13.26 11.61 -1.65 -12.44 -33.17 SPCG 12/18/06 1/29/07 42 10.47 9.68 -0.79 -7.57 1/11/10 1/18/10 7 24.79 15.15 -9.64 -38.89 2/01/10 2/08/10 7 19.40 18.55 -0.85 -4.36 3/29/10 5/03/10 35 18.07 18.30 0.23 1.27 7/12/10 10/11/10 91 16.31 17.24 0.93 5.73 11/29/10 12/06/10 7 36.18 35.75 -0.43 -1.18 12/13/10 12/27/10 14 39.60 40.16 0.56 1.42 1/17/11 5/23/11 126 80.65 83.43 2.78 3.45 -40.02 Daqo New Energy 9/30/13 10/07/13 7 2,579.02 2,299.95 -279.07 -10.82 10/21/13 10/28/13 7 3,726.66 2,937.23 -789.43 -21.18 11/18/13 11/25/13 7 4,574.81 3,957.14 -617.67 -13.50 3/10/14 3/24/14 14 5,331.17 3,691.81 -1,639.37 -30.75 3/31/14 4/14/14 14 4,421.01 4,047.76 -373.25 -8.44 4/21/14 4/28/14 7 4,029.91 4,235.20 205.28 5.09 6/23/14 7/07/14 14 3,224.49 3,162.45 -62.05 -1.92 7/11/16 7/18/16 7 2,418.64 2,337.43 -81.20 -3.36 8/15/16 9/19/16 35 2,379.30 2,074.07 -305.24 -12.83 12/25/17 2/05/18 42 6,114.32 5,325.40 -788.92 -12.90 -70.85
Annotations
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 1/01/16 Sunrun recording started 8/18/15 Solarenergie complete analysis 7/01/15 Scatec Solar monitoring started China Singyes monitoring started 3/14/15 Solar Energy first complete analysis
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