Assessment - Photon Photovoltaik-Aktienindex in Swiss Franc - 7/01/24 - RS = 37

 ⇐ 

								⇓instrument	freshest		Δday	7/01/24	⇓ Δwk	10/16/23	prc diff	⇓ Δ37		⇓∅-RS
						L		SOM Price Index	2,210.501	8/12/24	-1.07	2,339.115	-5.50	3,009.726	-670.612	-22.28		-20.43
						L		First Solar	198.102	8/12/24	3.51	201.247	-1.56	136.228	65.019	47.73		32.69
						L		Xinte Energy	0.872	8/12/24	1.62	0.937	-6.91	1.733	-0.796	-45.91		-25.80
						L		Solaria Energía	10.710	8/12/24	1.47	11.243	-4.74	13.556	-2.312	-17.06		-9.85
						L		Grenergy Renovables	33.391	8/12/24	1.32	33.391		17.754	15.636	88.07		31.52
						L		Enphase Energy	98.595	8/12/24	1.16	87.887	12.18	114.455	-26.568	-23.21		-15.88
						S		SolarEdge	19.374	8/12/24	1.13	21.660	-10.55	111.295	-89.635	-80.54		-70.52
						L		United Renewable	0.313	8/12/24	0.89	0.367	-14.72	0.391	-0.023	-5.94		-5.16
						L		Sino-American Sili	5.214	8/12/24	0.80	6.156	-15.32	4.632	1.524	32.91		21.23
								Xinyi Solar	0.408	8/12/24	0.28	0.455	-10.18	0.638	-0.184	-28.75		-24.15
						S		Shoals Technologies	4.636	8/12/24	0.20	5.521	-16.04	14.227	-8.706	-61.19		-53.15
								BCPG	0.137	8/09/24		0.154	-11.20	0.219	-0.065	-29.69		-23.95
								Encavis	16.477	8/12/24		16.380	0.59	11.689	4.691	40.14		20.44
						L		GCL Poly Energy	0.132	8/12/24		0.134	-1.72	0.157	-0.022	-14.34		-6.02
						L		Neoen	37.200	8/12/24	-0.10	36.192	2.79	23.406	12.786	54.62		37.14
								ReNew Energy Global	5.313	8/12/24	-0.84	5.494	-3.29	5.024	0.470	9.35		1.79
						L		Voltalia	9.867	8/12/24	-0.97	8.898	10.89	8.644	0.253	2.93		-1.41
						L		Array Tech	6.353	8/12/24	-0.99	8.648	-26.54	16.811	-8.164	-48.56		-38.33
						S		SMA Solar	21.227	8/12/24	-1.26	25.666	-17.30	61.128	-35.462	-58.01		-54.02
								West Holdings	11.979	8/09/24	-1.38	13.898	-13.80	21.044	-7.147	-33.96		-20.09
						L		Scatec	7.162	8/12/24	-1.46	7.272	-1.51	4.722	2.550	54.00		22.93
						L		Nextracker	35.223	8/12/24	-2.01	41.675	-15.48	30.768	10.907	35.45		6.86
						L		Canadian Solar	11.928	8/12/24	-2.51	12.660	-5.78	20.395	-7.735	-37.93		-35.80
						L		Sunrun	15.660	8/12/24	-3.13	9.863	58.77	10.742	-0.879	-8.18		-15.85
						L		Enlight Renewable	1,449.816	8/12/24	-3.23	1,347.686	7.58	1,181.971	165.715	14.02		-9.56
								⇓instrument	freshest		Δday	7/01/24	⇓ Δwk	10/16/23	prc diff	⇓ Δ37		⇓∅-RS
						L		JinkoSolar	17.033	8/12/24	-3.48	18.588	-8.36	27.554	-8.966	-32.54		-29.33
						S		Flat Glass	1.351	8/12/24	-3.63	1.331	1.57	1.945	-0.614	-31.58		-28.66
						L		Sunnova Energy	5.982	8/12/24	-4.47	4.726	26.58	9.482	-4.756	-50.16		-34.64
								Daqo New Energy	14.512	8/12/24	-4.74	12.931	12.23	23.655	-10.724	-45.33		-42.51
						L		SunPower	0.181	8/12/24	-4.76	2.449	-92.62	5.214	-2.765	-53.03		-31.31
								Altus Power	2.657	8/12/24	-6.96	3.371	-21.18	4.835	-1.465	-30.29		-27.88
PPVX - 30 out of 30 instruments rated - 7/01/24 / 10/16/23 - 10 did rise, Market-Ratio(37) in CHF = 33.33 %

 

Technical Chart

	PPVX RS = 37 - B/S = 52/31
1/03/22	scale up chart	7/01/24

 

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				Beijing 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				Beijing Energy	100	711,511,771		0.127	0.069		-0.058	-46	48,805,274	-45
short	7/16/18	4/29/19	287				Beijing 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	12/19/22	119				Array Tech	100	10,439,499		19.764	19.004		-0.760	-4	198m	-11
short	12/19/22	1/16/23	28				Flat Glass	100	90,425,890		2.194	2.698	1.690	-0.504	-23	153m	-97
long	1/16/23	2/20/23	35				First Solar	100	916,441		166.793	151.595		-15.198	-9	139m	-63
short	2/20/23	8/12/24	539				Scatec	100	21,121,706		6.577	7.162	5.993	-0.584	-9	127m	-6
accum	11/13/06	8/12/24	7020	days out of 7335 invested (96%)										1,265,724		127m	63

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
Beijing 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	12/19/22	119	19.76	19.00		-0.76	-3.85			-3.85
Scatec	short	9/20/21	11/22/21	63	17.59	16.94	18.26	0.67	3.82
	short	2/20/23	8/12/24	539	6.58	7.16	5.99	-0.58	-8.89			-5.40
First Solar	long	1/16/23	2/20/23	35	166.79	151.60		-15.20	-9.11			-9.11
Flat Glass	short	12/19/22	1/16/23	28	2.19	2.70	1.69	-0.50	-22.95			-22.95
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

4/22/24	PPVX			Voltalia replaces Meyer Burger
11/13/23	PPVX			Altus Power replaces Maxeon
2/10/23	PPVX			Nextracker replaces Beijing Energy
2/06/23	Enlight Renewable			reverse split 10:1 (one for ten)
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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