RS Chart
Assessment - Photon Photovoltaik-Aktienindex in Euro - 9/25/23 - RS = 37
 ⇐ 
  instrument freshest Δday 9/25/23 Δwk 1/09/23  prc diff Δ37   ∅-RS
real-time RS chart chart S add note SOM Price Index 3,382.066  Fri 0.45 3,394.432 -0.36 4,148.999 -754.566 -18.19   -17.82 
real-time RS chart chart S add note Xinyi Solar 0.708  Fri 5.02 0.668 5.97 1.173 -0.505 -43.03   -33.75 
real-time RS chart chart L add note Solaria Energía 14.650  Fri 3.90 13.800 6.16 17.940 -4.140 -23.08   -10.85 
real-time RS chart chart S add note JinkoSolar 28.669  Fri 3.65 25.054 14.43 45.677 -20.623 -45.15   -40.53 
real-time RS chart chart S add note Encavis 13.325  Fri 3.21 12.760 4.43 17.880 -5.120 -28.64   -22.77 
real-time RS chart chart S add note Flat Glass 2.127  Fri 2.92 2.047 3.90 2.658 -0.611 -22.99   -19.69 
real-time RS chart chart S add note GCL Poly Energy 0.176  Fri 2.82 0.163 8.15 0.247 -0.084 -33.89   -27.35 
real-time RS chart chart S add note Scatec 5.511  Fri 2.11 5.494 0.32 7.920 -2.427 -30.64   -19.32 
real-time RS chart chart S add note Sunrun 11.857  Fri 2.11 12.036 -1.49 21.360 -9.324 -43.65   -37.59 
real-time RS chart chart S add note Daqo New Energy 28.575  Fri 1.85 28.424 0.53 36.843 -8.419 -22.85   -29.11 
real-time RS chart chart add note Nextracker 37.854  Fri 1.52 38.128 -0.72     -na- 
real-time RS chart chart S add note SunPower 5.824  Fri 1.15 5.758 1.15 15.641 -9.883 -63.18   -51.57 
real-time RS chart chart S add note Sunnova Energy 9.884  Fri 1.06 10.337 -4.38 16.199 -5.862 -36.19   -36.61 
real-time RS chart chart L add note BCPG 0.251  Fri 1.05 0.260 -3.52 0.278 -0.018 -6.55   0.26 
real-time RS chart chart S add note United Renewable 0.433  Fri 1.03 0.436 -0.67 0.629 -0.193 -30.71   -26.72 
real-time RS chart chart L add note Neoen 27.620  Fri 0.58 28.000 -1.36 35.680 -7.680 -21.52   -10.35 
real-time RS chart chart S add note Enphase Energy 113.422  Fri 0.11 114.319 -0.78 211.962 -97.644 -46.07   -37.81 
real-time RS chart chart S add note First Solar 152.541  Fri 0.06 155.137 -1.67 148.013 7.124 4.81   -5.57 
real-time RS chart chart add note ReNew Energy Global 5.126  Fri 5.343 -4.06 5.077 0.266 5.23   1.45 
real-time RS chart chart add note Sino-American Sili 4.609  Fri 4.711 -2.18 4.764 -0.052 -1.10   1.74 
real-time RS chart chart add note Xinte Energy 1.868  Fri -0.13 1.808 3.34 1.786 0.022 1.24   -9.58 
real-time RS chart chart L add note West Holdings 20.400  Fri -0.62 20.432 -0.16 30.887 -10.455 -33.85   -7.99 
real-time RS chart chart S add note Canadian Solar 23.232  Fri -0.73 23.789 -2.34 35.866 -12.078 -33.67   -29.21 
real-time RS chart chart S add note SolarEdge 122.258  Fri -0.94 124.486 -1.79 264.223 -139.737 -52.89   -47.61 
real-time RS chart chart S add note SMA Solar 61.450  Fri -1.21 63.000 -2.46 68.500 -5.500 -8.03   -12.31 
  instrument freshest Δday 9/25/23 Δwk 1/09/23  prc diff Δ37   ∅-RS
real-time RS chart chart S add note Maxeon Solar 10.941  Fri -1.53 11.470 -4.61 16.534 -5.064 -30.63   -42.50 
real-time RS chart chart S add note Grenergy Renovables 20.680  Fri -1.71 22.800 -9.30 27.000 -4.200 -15.56   -18.99 
real-time RS chart chart add note Enlight Renewable 1,493.413  Fri -2.63 1,575.938 -5.24 1,903.431 -327.493 -17.21   -9.77 
real-time RS chart chart S add note Meyer Burger 0.384  Fri -3.34 0.376 2.20 0.559 -0.183 -32.74   -28.94 
real-time RS chart chart S add note Shoals Technologies 17.228  Fri -3.44 19.107 -9.83 21.639 -2.532 -11.70   -12.79 
real-time RS chart chart add note Array Tech 20.947  Fri -4.35 21.844 -4.11 18.077 3.767 20.84   14.75 
 PPVX - 29 out of 30 instruments rated - 9/25/23 / 1/09/23 - 4 did rise, Market-Ratio(37) in EUR = 13.79 % 
 
Technical Chart
PPVX RS = 37 - B/S = 52/31
Market Chart
1/07/19 scale up chart 9/25/23
 


Transactions Photon Photovoltaik-Aktienindex in Euro * A37 - 52/31 (1)
 ⇐ 
L/Sdate buy date selldays instrumentsplpieces prc buyprc sellps shortprc diffd %assetyield 
1/02/06 11/13/06 315    - cash -
short 11/13/06   2/05/07 84  RT RS QC  Beijing Energy 100  649,889   0.015  0.013 0.018  0.003 20  11,958 117  
long 2/05/07   6/23/08 504  RT RS QC  SunPower 100  338   35.326  52.957    17.631 50  17,917 34  
short 6/23/08   7/06/09 378  RT RS QC  JA Solar Energy 100  319   56.129  13.520 233.015  176.886 315  74,344 295  
long 7/06/09   7/18/11 742  RT RS QC  GCL Poly Energy 100  306,104   0.243  0.367    0.124 51  112,373 23  
short 7/18/11   1/14/13 546  RT RS QC  REC Silicon 100  12,171   9.232  1.613 52.852  43.620 472  643,266 221  
long 1/14/13  10/06/14 630  RT RS QC  SFCE 100  11,472,875   0.056  0.791    0.735 1,310  9,071,222 363  
short 10/06/14   4/20/15 196  RT RS QC  SMA Solar 100  458,142   19.800  14.680 26.706  6.906 35  12,235,014 75  
long 4/20/15   5/11/15 21  RT RS QC  Encavis 100  1,897,489   6.448  6.809    0.361 6  12,920,007 158  
short 5/11/15   6/29/15 49  RT RS QC  REC Silicon 100  6,138,130   2.105  1.957 2.264  0.159 8  13,896,727 72  
long 6/29/15   7/27/15 28  RT RS QC  Encavis 100  2,181,589   6.370  7.409    1.039 16  16,163,398 617  
short 7/27/15   7/03/17 707  RT RS QC  SFCE 100  52,440,772   0.308  0.050 1.917  1.609 522  101m 157  
long 7/03/17   7/16/18 378  RT RS QC  Beijing Energy 100  866,475,351   0.116  0.059    -0.057 -49  50,918,662 -48  
short 7/16/18   4/29/19 287  RT RS QC  Beijing Energy 100  866,475,352   0.059  0.038 0.090  0.032 54  78,329,372 73  
long 4/29/19   9/20/21 875  RT RS QC  Enphase Energy 100  8,579,559   9.130  130.001    120.871 1,324  1,115m 203  
short 9/20/21  11/22/21 63  RT RS QC  Scatec 100  68,944,244   16.178  16.171 16.184  0.007 0  1,116m 0  
long 11/22/21  12/20/21 28  RT RS QC  GCL Poly Energy 100  2831,414,911   0.394  0.265    -0.129 -33  749m -99  
short 12/20/21   8/22/22 245  RT RS QC  Daqo New Energy 100  22,238,981   33.701  62.701 4.701  -29.000 -86  105m -95  
long 8/22/22  12/19/22 119  RT RS QC  Array Tech 100  5,066,016   20.635  19.241    -1.394 -7  97,477,488 -19  
short 12/19/22   1/16/23 28  RT RS QC  Flat Glass 100  43,881,325   2.221  2.694 1.749  -0.472 -21  76,744,051 -96  
long 1/16/23   2/20/23 35  RT RS QC  First Solar 100  460,736   166.568  153.701    -12.867 -8  70,815,624 -57  
short 2/20/23   9/29/23 221  RT RS QC  Scatec 100  10,618,848   6.669  5.511 8.070  1.401 21  85,690,920 37  
accum11/13/06 9/29/236165 days out of 6480 invested (95%) 856,809 85,690,920 71  

Instrument Related Contribution
 instrumentL/Sdate buy date selldaysprc buyprc sellps shortprc diffd %total 
 SFCElong  1/14/13 10/06/146300.060.790.73 1,310.18 
 short  7/27/15  7/03/177070.310.051.921.61 521.928,670.23 
 Enphase Energylong  4/29/19  9/20/218759.13130.00120.87 1,323.921,323.92 
 REC Siliconshort  7/18/11  1/14/135469.231.6152.8543.62 472.47 
 short  5/11/15  6/29/15492.101.962.260.16 7.56515.75 
 JA Solar Energyshort  6/23/08  7/06/0937856.1313.52233.01176.89 315.14315.14 
 SunPowerlong  2/05/07  6/23/0850435.3352.9617.63 49.9149.91 
 SMA Solarshort 10/06/14  4/20/1519619.8014.6826.716.91 34.8834.88 
 Encavislong  4/20/15  5/11/15216.456.810.36 5.60 
 long  6/29/15  7/27/15286.377.411.04 16.3122.82 
 Scatecshort  9/20/21 11/22/216316.1816.1716.180.01 0.04 
 short  2/20/23  9/29/232216.675.518.071.40 21.0121.06 
 GCL Poly Energylong  7/06/09  7/18/117420.240.370.12 51.15 
 long 11/22/21 12/20/21280.390.26-0.13 -32.831.53 
 Array Techlong  8/22/22 12/19/2211920.6419.24-1.39 -6.75-6.75 
 Beijing Energyshort 11/13/06  2/05/07840.020.010.020.00 19.58 
 long  7/03/17  7/16/183780.120.06-0.06 -49.35 
 short  7/16/18  4/29/192870.060.040.090.03 53.83-6.82 
 First Solarlong  1/16/23  2/20/2335166.57153.70-12.87 -7.72-7.72 
 Flat Glassshort 12/19/22  1/16/23282.222.691.75-0.47 -21.27-21.27 
 Daqo New Energyshort 12/20/21  8/22/2224533.7062.704.70-29.00 -86.05-86.05 


Annotations
2/10/23PPVXNextracker replaces Beijing Energy
2/06/23Enlight Renewablereverse split 10:1 (one for ten)
9/25/22PPVXMaxeon Solar Technologies replaces Azure Power Global
10/29/21PPVXReNew Energy Global replaces Soltec Power
7/29/21United Renewablereverse stock split 0.5658:1
7/23/21PPVXXinte Energy replaces Maxeon
6/25/21PPVXEnlight Renewable Energy and Flat Glass Group replace Solarpack and Renesola
4/01/21GCL Poly Energysuspended
2/05/21PPVXShoals Technologies Group replaces SPCG
1/25/21PPVXGrenergy Renovables and ReneSola replace Motech Industries and Shinsung E&G
11/17/20Daqo New Energystock split 1:5 (five for one)
10/31/20PPVXSoltec Power replaces REC Silicon
10/23/20PPVXArray Technologies and REC Silicon replace 7C Solarparken and Tainergy
10/08/20PPVXTainergy Tech replaces Vivint Solar (acquired by Sunrun)
9/21/20PPVXMotech Industries and Shinsung E&G replace China Shuifa Singyes and Thai Solar Energy
3/27/20PPVXChina Singyes Solar and Edisun Power Europe replace Motech and Terraform Power
12/28/19PPVXMotech replaces SFCE
11/08/19PPVXNeoen replaces REC Silicon
7/29/19PPVXSunnova replaces Shinsung E&G
2/16/19PPVX7C Solarparken replaces China Singyes Solar
12/10/18PPVXSFCE and Solarapack replace Motech Industries and Green Energy Technology
10/01/18PPVXThai Solar Energy returns for Gintech Energy (merger with Neo Solar Power)
7/20/18PPVXWest Holdings replaces JA Solar
7/17/18PPVXJA Solar exits due to becoming private (mergered with JASO Acquisition Holding as wholly owner)
6/25/18Green Energy Treturns replacing 8point3
6/21/188point3drops out due to acquisition by Capital Dynamics
5/18/18PPVXEnphase Energy replaces Thai Solar Energy PCL (exit due to low stock market value)
2/27/18Capital Stagerenames into Encavis (ENergy + CApital + VISion)
2/16/18PPVXSolaria Energía replaces SFCE (market value falls below exit threshold)
12/30/17PPVXVivint Solar replaces TerraForm Global (acquired by Brookfield Asset Management)
8/11/17PPVXShinsung E&G replaces Green Energy Technology
3/14/17PPVXAzure Power Global replaces Trina Solar
11/25/16PPVXThai Solar Energy replaces SolarCity (acquired by Tesla)
11/04/16PPVXSPCG replaces SPI
10/08/16Chorusis replaced by BCPG
8/08/16Capital Stageacquires Chorus Clean Energy
6/03/16PPVXcomplete analysis - all techniques have been refreshed using new market composition
6/02/16SolarenergieChange 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.
1/01/16Sunrunrecording started
8/18/15Solarenergiecomplete analysis
7/01/15Scatec Solarmonitoring started
3/14/15Solar Energyfirst complete analysis