Assessment - Photon Photovoltaik-Aktienindex in Swiss Franc - 12/05/22 - RS = 37

 ⇐ 

								⇓instrument	freshest		Δday	12/05/22	⇓ Δwk	3/21/22	prc diff	⇓ Δ37		⇓∅-RS
								SOM Price Index	4,347.919	Thu	0.69	4,503.785	-3.46	4,179.154	324.631	7.77		9.49
						L		Shoals Technologies	23.247	Thu	6.15	23.812	-2.37	19.527	4.285	21.95		35.76
								Meyer Burger	0.534	Thu	5.02	0.509	4.92	0.441	0.068	15.31		20.63
						L		Array Tech	19.826	Thu	4.21	20.589	-3.71	12.381	8.208	66.29		71.26
								SMA Solar	67.018	Thu	3.28	64.100	4.55	38.733	25.367	65.49		52.13
								Flat Glass	2.392	Thu	3.14	2.295	4.23	4.073	-1.778	-43.66		-30.08
						L		Maxeon Solar	19.336	Thu	2.14	20.580	-6.04	12.698	7.882	62.07		54.76
						S		GCL Poly Energy	0.255	Thu	1.94	0.264	-3.67	0.301	-0.037	-12.25		-18.01
						S		United Renewable	0.647	Thu	1.94	0.658	-1.64	0.743	-0.085	-11.50		-5.33
								SolarEdge	297.305	Thu	1.52	295.939	0.46	290.740	5.199	1.79		14.83
						S		Panda Green Energy	0.025	Thu	1.49	0.024	2.50	0.031	-0.007	-21.66		-15.54
								ReNew Energy Global	5.296	Thu	1.26	5.475	-3.27	7.406	-1.932	-26.08		-16.49
								Sunrun	27.364	Thu	1.18	29.277	-6.53	28.396	0.882	3.10		12.95
								Xinyi Solar	1.030	Thu	1.07	1.049	-1.85	1.660	-0.611	-36.81		-25.58
						L		Enphase Energy	301.414	Thu	0.89	316.444	-4.75	172.769	143.675	83.16		66.46
								Scatec	7.934	Thu	0.82	8.383	-5.36	14.571	-6.188	-42.47		-19.05
						S		JinkoSolar	45.607	Thu	0.39	49.518	-7.90	48.016	1.502	3.13		2.11
						L		Sino-American Sili	4.792	Thu	0.32	4.992	-4.01	5.833	-0.841	-14.41		-5.10
								SunPower	20.957	Thu	0.14	22.351	-6.24	19.033	3.318	17.43		21.37
								Xinte Energy	1.909	Thu	0.13	2.042	-6.53	2.036	0.006	0.29		-5.17
						L		BCPG	0.275	Thu		0.275		0.331	-0.056	-17.02		-9.36
								Enlight Renewable	201.592	Thu	-0.16	208.551	-3.34	222.502	-13.951	-6.27		-0.40
								Encavis	18.770	Thu	-0.39	19.413	-3.31	18.071	1.342	7.42		7.44
								Canadian Solar	31.247	Thu	-1.16	34.149	-8.50	33.119	1.030	3.11		11.06
						L		First Solar	143.899	Thu	-1.31	157.496	-8.63	72.098	85.398	118.45		88.58
								⇓instrument	freshest		Δday	12/05/22	⇓ Δwk	3/21/22	prc diff	⇓ Δ37		⇓∅-RS
						L		West Holdings	29.341	Thu	-1.73	29.996	-2.18	39.007	-9.012	-23.10		-9.01
								Daqo New Energy	44.062	Thu	-1.93	48.726	-9.57	41.224	7.502	18.20		6.08
						S		Solaria Energía	16.435	Thu	-1.95	17.148	-4.15	19.839	-2.692	-13.57		-7.18
								Grenergy Renovables	29.201	Thu	-2.38	30.962	-5.69	31.044	-0.082	-0.26		-3.07
								Neoen	36.669	Thu	-2.50	38.084	-3.71	38.466	-0.382	-0.99		2.62
								Sunnova Energy	19.223	Thu	-2.86	20.768	-7.44	23.039	-2.271	-9.86		2.59
PPVX - 30 out of 30 instruments rated - 12/05/22 / 3/21/22 - 15 did rise, Market-Ratio(37) in CHF = 50.00 %

 

Technical Chart

	PPVX RS = 37 - B/S = 52/31
1/01/18	scale up chart	12/05/22

 

Transactions Photon Photovoltaik-Aktienindex in Swiss Franc * 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	407,633		0.025	0.021	0.029	0.004	18	11,821	107
long	2/05/07	6/23/08	504				SunPower	100	206		57.144	85.594		28.451	50	17,682	34
short	6/23/08	7/06/09	378				JA Solar Energy	100	194		90.721	20.539	400.720	309.999	342	77,822	320
long	7/06/09	7/18/11	742				GCL Poly Energy	100	210,931		0.369	0.423		0.054	15	89,274	7
short	7/18/11	1/14/13	546				REC Silicon	100	8,387		10.644	1.966	57.633	46.990	441	483,376	209
long	1/14/13	10/06/14	630				SFCE	100	7,072,917		0.068	0.959		0.890	1,303	6,780,689	362
short	10/06/14	4/20/15	196				SMA Solar	100	282,440		24.008	15.072	38.241	14.233	59	10,800,686	138
long	4/20/15	5/11/15	21				Encavis	100	1,631,483		6.620	7.095		0.475	7	11,575,341	233
short	5/11/15	6/29/15	49				REC Silicon	100	5,277,635		2.193	2.034	2.365	0.171	8	12,478,969	75
long	6/29/15	7/27/15	28				Encavis	100	1,884,399		6.622	7.913		1.291	19	14,910,899	919
short	7/27/15	7/03/17	707				SFCE	100	45,296,955		0.329	0.054	1.996	1.667	506	90,417,252	154
long	7/03/17	7/16/18	378				Panda Green Energy	100	711,511,771		0.127	0.069		-0.058	-46	48,805,274	-45
short	7/16/18	4/29/19	287				Panda Green Energy	100	711,511,771		0.069	0.044	0.108	0.039	57	76,843,271	78
long	4/29/19	9/20/21	875				Enphase Energy	100	7,382,755		10.408	141.363		130.954	1,258	1,044m	197
short	9/20/21	11/22/21	63				Scatec	100	59,326,880		17.591	16.944	18.264	0.672	4	1,084m	24
long	11/22/21	12/20/21	28				GCL Poly Energy	100	2624,049,444		0.413	0.275		-0.138	-33	722m	-99
short	12/20/21	8/22/22	245				Daqo New Energy	100	20,610,256		35.033	60.055	10.011	-25.022	-71	206m	-85
long	8/22/22	12/08/22	108				Array Tech	100	10,439,499		19.764	19.826		0.062	0	207m	1
accum	11/13/06	12/08/22	5870	days out of 6185 invested (95%)										2,069,637		207m	86

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	0.07	0.96		0.89	1,302.78
	short	7/27/15	7/03/17	707	0.33	0.05	2.00	1.67	506.38			8,406.21
Enphase Energy	long	4/29/19	9/20/21	875	10.41	141.36		130.95	1,258.15			1,258.15
REC Silicon	short	7/18/11	1/14/13	546	10.64	1.97	57.63	46.99	441.48
	short	5/11/15	6/29/15	49	2.19	2.03	2.36	0.17	7.81			483.75
JA Solar Energy	short	6/23/08	7/06/09	378	90.72	20.54	400.72	310.00	341.71			341.71
SMA Solar	short	10/06/14	4/20/15	196	24.01	15.07	38.24	14.23	59.29			59.29
SunPower	long	2/05/07	6/23/08	504	57.14	85.59		28.45	49.79			49.79
Encavis	long	4/20/15	5/11/15	21	6.62	7.09		0.47	7.17
	long	6/29/15	7/27/15	28	6.62	7.91		1.29	19.49			28.06
Scatec	short	9/20/21	11/22/21	63	17.59	16.94	18.26	0.67	3.82			3.82
Panda Green Energy	short	11/13/06	2/05/07	84	0.02	0.02	0.03	0.00	18.21
	long	7/03/17	7/16/18	378	0.13	0.07		-0.06	-46.02
	short	7/16/18	4/29/19	287	0.07	0.04	0.11	0.04	57.45			0.47
Array Tech	long	8/22/22	12/08/22	108	19.76	19.83		0.06	0.31			0.31
GCL Poly Energy	long	7/06/09	7/18/11	742	0.37	0.42		0.05	14.72
	long	11/22/21	12/20/21	28	0.41	0.28		-0.14	-33.36			-23.56
Daqo New Energy	short	12/20/21	8/22/22	245	35.03	60.05	10.01	-25.02	-71.42			-71.42

Annotations

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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