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

Assessment - Photon Photovoltaik-Aktienindex - 13/03/23 - RS = 46

		⇓instrument	freshest		⇓ Δday	13/03/23	⇓ Δwk	25/04/22	prc diff	⇓ Δ46	Curr	∅-RS
		SOM Price Index	4,193.660	Mon	0.03	4,501.390	-6.84	3,958.900	542.490	13.70	USD	0.47
		First Solar	204.680	Mon	2.53	203.580	0.54	72.450	131.130	180.99	USD	96.63
		Maxeon Solar	23.390	Mon	3.40	25.660	-8.85	10.850	14.810	136.50	USD	60.57
		SMA Solar	71.550	Mon	-2.85	78.600	-8.97	38.700	39.900	103.10	EUR	56.03
		Array Tech	17.230	Mon	0.94	19.660	-12.36	7.130	12.530	175.74	USD	37.32
		Meyer Burger	0.511	Mon	-0.39	0.574	-11.06	0.430	0.144	33.49	CHF	20.12
		Canadian Solar	35.860	Mon	2.37	39.200	-8.52	28.760	10.440	36.30	USD	13.77
	L	Xinte Energy	19.260	Mon	-2.92	20.500	-6.05	16.260	4.240	26.08	HKD	13.74
	L	SolarEdge	272.310	Mon	1.91	316.210	-13.88	253.490	62.720	24.74	USD	12.87
		Shoals Technologies	20.650	Mon	2.69	21.060	-1.95	10.420	10.640	102.11	USD	5.62
	L	Sino-American Sili	152.000	Mon	-1.30	157.000	-3.18	148.000	9.000	6.08	TWD	3.02
		Daqo New Energy	48.000	Mon	5.08	49.830	-3.67	40.770	9.060	22.22	USD	0.50
	S	United Renewable	21.350	Mon	1.18	20.650	3.39	22.500	-1.850	-8.22	TWD	-3.99
		JinkoSolar	45.050	Mon	5.36	49.680	-9.32	52.180	-2.500	-4.79	USD	-6.58
		Enphase Energy	192.510	Mon	4.83	211.530	-8.99	157.600	53.930	34.22	USD	-6.78
	S	Solaria Energía	16.620	Mon	-1.60	17.325	-4.07	20.990	-3.665	-17.46	EUR	-9.12
	S	Encavis	16.560	Mon	1.41	16.875	-1.87	20.660	-3.785	-18.32	EUR	-12.30
	S	Enlight Renewable	5,876.000	Mon	0.69	6,220.000	-5.53	7,458.000	-1,238.000	-16.60	ILS	-13.17
	L	Flat Glass	19.380	Mon	-1.62	20.700	-6.38	23.850	-3.150	-13.21	HKD	-13.33
		BCPG	9.200	Mon	2.22	9.100	1.10	12.200	-3.100	-25.41	THB	-13.62
	S	Grenergy Renovables	26.060	Mon	-2.40	28.180	-7.52	33.040	-4.860	-14.71	EUR	-13.98
		Xinyi Solar	8.510	Mon	-3.19	8.840	-3.73	10.920	-2.080	-19.05	HKD	-15.52
	S	Sunnova Energy	12.690	Mon	-1.86	16.820	-24.55	16.550	0.270	1.63	USD	-17.45
	S	Sunrun	17.030	Mon	-1.67	21.260	-19.90	20.550	0.710	3.45	USD	-19.19
	S	GCL Poly Energy	1.880	Mon	-3.59	1.990	-5.53	2.380	-0.390	-16.39	HKD	-20.11
		⇓instrument	freshest		⇓ Δday	13/03/23	⇓ Δwk	25/04/22	prc diff	⇓ Δ46	Curr	∅-RS
	S	SunPower	12.690	Mon	2.59	15.150	-16.24	17.660	-2.510	-14.21	USD	-20.30
	S	West Holdings	3,000.000	Mon	-5.66	3,345.000	-10.31	4,825.000	-1,480.000	-30.67	JPY	-22.40
	S	ReNew Energy Global	4.430	Mon	-7.90	4.690	-5.54	7.660	-2.970	-38.77	USD	-26.51
	S	Neoen	28.110	Mon	1.30	26.880	4.58	38.300	-11.420	-29.82	EUR	-28.50
	S	Scatec	65.040	Mon	-0.18	64.520	0.81	119.400	-54.880	-45.96	NOK	-29.48
		Nextracker	28.960	Mon	-0.38	32.000	-9.50				USD	-na-
PPVX - 29 out of 30 instruments rated - 13/03/23 / 25/04/22 - 14 did rise, Market-Ratio(46) = 48.28 %

Technical Chart

	PPVX RS = 46 - B/S = 51/51

7/01/19	scale up chart	13/03/23

Transactions Photon Photovoltaik-Aktienindex * S46 - 51 ex 9 (1)

														⇐
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
2/01/06		10/11/08	1043		- cash -
short	10/11/08	24/08/09	287		Solaria Energía	100	4,184	EUR	2.390	2.305	2.478	0.088	4	10,369	5
24/08/09		12/04/10	231		- cash -
	12/04/10	10/05/10	28		SunPower	100	565	USD	18.320	15.290	21.951	3.631	20	12,420	956
10/05/10		17/05/10	7		- cash -
	17/05/10	12/07/10	56		SunPower	100	1,028	USD	12.070	13.810	10.330	-1.740	-14	10,631	-64
12/07/10		26/07/10	14		- cash -
	26/07/10	6/09/10	42		West Holdings	100	5,405	JPY	1.967	2.227	1.707	-0.260	-13	9,226	-71
6/09/10		11/10/10	35		- cash -
	11/10/10	8/11/10	28		Solaria Energía	100	6,109	EUR	1.510	1.545	1.475	-0.035	-2	9,012	-26
8/11/10		22/11/10	14		- cash -
	22/11/10	29/11/10	7		Solaria Energía	100	6,302	EUR	1.430	1.310	1.561	0.131	9	9,838	9,559
29/11/10		17/01/11	49		- cash -
	17/01/11	24/01/11	7		SMA Solar	100	152	EUR	64.580	73.860	55.300	-9.280	-14	8,427	-100
24/01/11		14/02/11	21		- cash -
	14/02/11	21/02/11	7		West Holdings	100	3,679	JPY	2.290	2.377	2.203	-0.087	-4	8,108	-87
21/02/11		11/07/11	140		- cash -
	11/07/11	26/09/11	77		Enlight Renewable	100	28	ILS	282.000	316.000	248.000	-34.000	-12	7,156	-46
	26/09/11	29/10/12	399		JinkoSolar	100	1,204	USD	5.940	3.940	8.955	3.015	51	10,787	46
	29/10/12	21/01/13	84		SMA Solar	100	651	EUR	16.550	21.170	11.930	-4.620	-28	7,779	-76
21/01/13		4/02/13	14		- cash -
	4/02/13	11/02/13	7		Meyer Burger	100	974	CHF	7.980	8.380	7.580	-0.400	-5	7,389	-93
11/02/13		25/03/13	42		- cash -
	25/03/13	8/04/13	14		Meyer Burger	100	1,030	CHF	7.170	7.630	6.710	-0.460	-6	6,915	-82
8/04/13		6/10/14	546		- cash -
	6/10/14	27/10/14	21		SMA Solar	100	349	EUR	19.800	18.890	20.754	0.954	5	7,248	127
27/10/14		10/11/14	14		- cash -
	10/11/14	13/04/15	154		SMA Solar	100	382	EUR	18.970	13.765	26.143	7.173	38	9,989	114
13/04/15		20/04/15	7		- cash -
	20/04/15	27/04/15	7		West Holdings	100	1,096	JPY	9.110	8.910	9.315	0.205	2	10,213	218
27/04/15		4/05/15	7		- cash -
	4/05/15	2/11/15	182		West Holdings	100	1,211	JPY	8.430	7.000	10.152	1.722	20	12,298	45
2/11/15		16/11/15	14		- cash -
	16/11/15	21/12/15	35		Enphase Energy	100	5,800	USD	2.120	3.590	0.650	-1.470	-69	3,772	-100
21/12/15		4/01/16	14		- cash -
	4/01/16	16/01/17	378		Enphase Energy	100	1,080	USD	3.490	1.650	7.382	3.892	112	7,975	106
	16/01/17	3/07/17	168		Meyer Burger	100	9,969	CHF	0.800	1.230	0.370	-0.430	-54	3,689	-81
3/07/17		16/07/18	378		- cash -
	16/07/18	23/07/18	7		Meyer Burger	100	4,279	CHF	0.862	0.679	1.094	0.232	27	4,683	> 999,999
23/07/18		13/08/18	21		- cash -
	13/08/18	7/01/19	147		Meyer Burger	100	6,846	CHF	0.684	0.726	0.642	-0.042	-6	4,395	-15
	7/01/19	22/04/19	105		SMA Solar	100	251	EUR	17.480	21.020	13.940	-3.540	-20	3,507	-54
22/04/19		27/05/19	35		- cash -
	27/05/19	3/06/19	7		GCL Poly Energy	100	7,541	HKD	0.465	0.475	0.455	-0.010	-2	3,431	-68
3/06/19		23/03/20	294		- cash -
	23/03/20	30/03/20	7		Meyer Burger	100	26,172	CHF	0.131	0.165	0.097	-0.034	-26	2,541	-100
L/S	date buy	date sell	days		instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
30/03/20		8/11/21	588		- cash -
	8/11/21	28/03/22	140		Scatec	100	15	NOK	166.200	127.700	216.307	50.107	30	3,293	99
28/03/22		18/04/22	21		- cash -
	18/04/22	20/06/22	63		Shoals Technologies	100	261	USD	12.600	19.570	5.630	-6.970	-55	1,474	-99
	20/06/22	8/08/22	49		Scatec	100	16	NOK	89.420	113.550	65.290	-24.130	-27	1,088	-90
8/08/22		5/09/22	28		- cash -
	5/09/22	12/09/22	7		Flat Glass	100	47	HKD	22.750	24.450	21.050	-1.700	-7	1,008	-98
12/09/22		19/09/22	7		- cash -
	19/09/22	21/11/22	63		Flat Glass	100	47	HKD	21.300	21.300	21.300	0.000	0	1,008	0
21/11/22		30/01/23	70		- cash -
	30/01/23	6/03/23	35		SunPower	100	61	USD	16.410	15.760	17.087	0.677	4	1,049	52
6/03/23		13/03/23	7		- cash -
	13/03/23	20/03/23	7		Scatec	100	16	NOK	64.520	65.040	64.000	-0.520	-1	1,041	-34
accum	10/11/08	20/03/23	2626	days out of 6287 invested (42%)								-90		1,041	-27

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
JinkoSolar	short	26/09/11	29/10/12	399	5.94	3.94	8.96	3.02	50.76	50.76
Solaria Energía		10/11/08	24/08/09	287	2.39	2.31	2.48	0.09	3.69
		11/10/10	8/11/10	28	1.51	1.55	1.48	-0.03	-2.32
		22/11/10	29/11/10	7	1.43	1.31	1.56	0.13	9.16	10.56
SunPower		12/04/10	10/05/10	28	18.32	15.29	21.95	3.63	19.82
		17/05/10	12/07/10	56	12.07	13.81	10.33	-1.74	-14.42
		30/01/23	6/03/23	35	16.41	15.76	17.09	0.68	4.12	6.77
West Holdings		26/07/10	6/09/10	42	1.97	2.23	1.71	-0.26	-13.22
		14/02/11	21/02/11	7	2.29	2.38	2.20	-0.09	-3.79
		20/04/15	27/04/15	7	9.11	8.91	9.31	0.20	2.24
		4/05/15	2/11/15	182	8.43	7.00	10.15	1.72	20.43	2.81
GCL Poly Energy		27/05/19	3/06/19	7	0.47	0.48	0.46	-0.01	-2.15	-2.15
Scatec		8/11/21	28/03/22	140	166.20	127.70	216.31	50.11	30.15
		20/06/22	8/08/22	49	89.42	113.55	65.29	-24.13	-26.99
		13/03/23	20/03/23	7	64.52	65.04	64.00	-0.52	-0.81	-5.74
Flat Glass		5/09/22	12/09/22	7	22.75	24.45	21.05	-1.70	-7.47
		19/09/22	21/11/22	63	21.30	21.30	21.30	0.00	0.00	-7.47
Enlight Renewable		11/07/11	26/09/11	77	282.00	316.00	248.00	-34.00	-12.06	-12.06
SMA Solar		17/01/11	24/01/11	7	64.58	73.86	55.30	-9.28	-14.37
		29/10/12	21/01/13	84	16.55	21.17	11.93	-4.62	-27.92
		6/10/14	27/10/14	21	19.80	18.89	20.75	0.95	4.82
		10/11/14	13/04/15	154	18.97	13.77	26.14	7.17	37.81
		7/01/19	22/04/19	105	17.48	21.02	13.94	-3.54	-20.25	-28.89
Enphase Energy		16/11/15	21/12/15	35	2.12	3.59	0.65	-1.47	-69.34
		4/01/16	16/01/17	378	3.49	1.65	7.38	3.89	111.52	-35.15
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	total
Shoals Technologies		18/04/22	20/06/22	63	12.60	19.57	5.63	-6.97	-55.32	-55.32
Meyer Burger		4/02/13	11/02/13	7	7.98	8.38	7.58	-0.40	-5.01
		25/03/13	8/04/13	14	7.17	7.63	6.71	-0.46	-6.42
		16/01/17	3/07/17	168	0.80	1.23	0.37	-0.43	-53.75
		16/07/18	23/07/18	7	0.86	0.68	1.09	0.23	26.95
		13/08/18	7/01/19	147	0.68	0.73	0.64	-0.04	-6.14
		23/03/20	30/03/20	7	0.13	0.17	0.10	-0.03	-25.93	-63.72

Annotations

10/02/23	PPVX	Nextracker replaces Beijing Energy
6/02/23	Enlight Renewable	reverse split 10:1 (one for ten)
25/09/22	PPVX	Maxeon Solar Technologies replaces Azure Power Global
29/10/21	PPVX	ReNew Energy Global replaces Soltec Power
29/07/21	United Renewable	reverse stock split 0.5658:1
23/07/21	PPVX	Xinte Energy replaces Maxeon
25/06/21	PPVX	Enlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
1/04/21	GCL Poly Energy	suspended
5/02/21	PPVX	Shoals Technologies Group replaces SPCG
25/01/21	PPVX	Grenergy Renovables and ReneSola replace Motech Industries and Shinsung E&G
17/11/20	Daqo New Energy	stock split 1:5 (five for one)
31/10/20	PPVX	Soltec Power replaces REC Silicon
23/10/20	PPVX	Array Technologies and REC Silicon replace 7C Solarparken and Tainergy
8/10/20	PPVX	Tainergy Tech replaces Vivint Solar (acquired by Sunrun)
21/09/20	PPVX	Motech Industries and Shinsung E&G replace China Shuifa Singyes and Thai Solar Energy
27/03/20	PPVX	China Singyes Solar and Edisun Power Europe replace Motech and Terraform Power
28/12/19	PPVX	Motech replaces SFCE
8/11/19	PPVX	Neoen replaces REC Silicon
29/07/19	PPVX	Sunnova replaces Shinsung E&G
16/02/19	PPVX	7C Solarparken replaces China Singyes Solar
10/12/18	PPVX	SFCE and Solarapack replace Motech Industries and Green Energy Technology
1/10/18	PPVX	Thai Solar Energy returns for Gintech Energy (merger with Neo Solar Power)
20/07/18	PPVX	West Holdings replaces JA Solar
17/07/18	PPVX	JA Solar exits due to becoming private (mergered with JASO Acquisition Holding as wholly owner)
25/06/18	Green Energy T	returns replacing 8point3
21/06/18	8point3	drops out due to acquisition by Capital Dynamics
18/05/18	PPVX	Enphase Energy replaces Thai Solar Energy PCL (exit due to low stock market value)
27/02/18	Capital Stage	renames into Encavis (ENergy + CApital + VISion)
16/02/18	PPVX	Solaria Energía replaces SFCE (market value falls below exit threshold)
30/12/17	PPVX	Vivint Solar replaces TerraForm Global (acquired by Brookfield Asset Management)
11/08/17	PPVX	Shinsung E&G replaces Green Energy Technology
14/03/17	PPVX	Azure Power Global replaces Trina Solar
25/11/16	PPVX	Thai Solar Energy replaces SolarCity (acquired by Tesla)
4/11/16	PPVX	SPCG replaces SPI
8/10/16	Chorus	is replaced by BCPG
8/08/16	Capital Stage	acquires Chorus Clean Energy
3/06/16	PPVX	complete analysis - all techniques have been refreshed using new market composition
2/06/16	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
18/08/15	Solarenergie	complete analysis
1/07/15	Scatec Solar	monitoring started
14/03/15	Solar Energy	first complete analysis


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