Assessment - Photon Photovoltaik-Aktienindex in Pound sterling - 1/07/24 - RS = 37

 ⇐ 

								⇓instrument	freshest		⇓ Δday	1/07/24	⇓ Δwk	16/10/23	prc diff	⇓ Δ37		∅-RS
						L		SOM Price Index	1,935.047	12/08/24	-1.07	2,047.633	-5.50	2,739.053	-691.420	-25.24		-22.13
						L		First Solar	173.417	12/08/24	3.51	176.169	-1.56	123.976	52.193	42.10		29.56
						L		Nextracker	30.834	12/08/24	-2.01	36.482	-15.48	28.001	8.481	30.29		4.42
						L		Neoen	32.564	12/08/24	-0.10	31.682	2.79	21.301	10.381	48.73		34.04
						L		Grenergy Renovables	29.230	12/08/24	1.32	29.230		16.158	13.072	80.91		28.64
						L		Scatec	6.269	12/08/24	-1.46	6.366	-1.51	4.297	2.068	48.13		20.18
								Encavis	14.424	12/08/24		14.339	0.59	10.638	3.701	34.80		17.65
						L		Sino-American Sili	4.564	12/08/24	0.80	5.389	-15.32	4.215	1.174	27.85		18.53
						L		Voltalia	8.637	12/08/24	-0.97	7.789	10.89	7.867	-0.078	-0.99		-3.58
						L		GCL Poly Energy	0.115	12/08/24		0.117	-1.72	0.143	-0.025	-17.60		-8.20
								ReNew Energy Global	4.651	12/08/24	-0.84	4.809	-3.29	4.573	0.237	5.18		-0.37
						L		Enphase Energy	86.309	12/08/24	1.16	76.935	12.18	104.162	-27.227	-26.14		-17.80
						L		Enlight Renewable	1,269.152	12/08/24	-3.23	1,179.748	7.58	1,075.673	104.076	9.68		-11.57
						L		Sunrun	13.708	12/08/24	-3.13	8.634	58.77	9.776	-1.142	-11.68		-17.65
								West Holdings	10.487	9/08/24	-1.38	12.166	-13.80	19.152	-6.986	-36.48		-21.75
						L		Solaria Energía	9.376	12/08/24	1.47	9.842	-4.74	12.336	-2.494	-20.22		-11.63
						L		United Renewable	0.274	12/08/24	0.89	0.322	-14.72	0.356	-0.034	-9.53		-7.15
						S		Flat Glass	1.183	12/08/24	-3.63	1.165	1.57	1.770	-0.605	-34.18		-30.36
								Altus Power	2.326	12/08/24	-6.96	2.951	-21.18	4.401	-1.450	-32.95		-29.33
								Xinyi Solar	0.358	12/08/24	0.28	0.398	-10.18	0.581	-0.183	-31.47		-25.96
						L		JinkoSolar	14.911	12/08/24	-3.48	16.271	-8.36	25.076	-8.804	-35.11		-30.82
						L		Xinte Energy	0.764	12/08/24	1.62	0.820	-6.91	1.577	-0.756	-47.97		-27.39
						L		Array Tech	5.561	12/08/24	-0.99	7.570	-26.54	15.299	-7.729	-50.52		-39.62
								Daqo New Energy	12.704	12/08/24	-4.74	11.320	12.23	21.527	-10.208	-47.42		-43.77
						L		Canadian Solar	10.442	12/08/24	-2.51	11.082	-5.78	18.561	-7.479	-40.29		-37.13
								⇓instrument	freshest		⇓ Δday	1/07/24	⇓ Δwk	16/10/23	prc diff	⇓ Δ37		∅-RS
								BCPG	0.120	9/08/24		0.135	-11.20	0.199	-0.064	-32.37		-25.48
						S		SMA Solar	18.581	12/08/24	-1.26	22.467	-17.30	55.631	-33.163	-59.61		-55.02
						L		SunPower	0.158	12/08/24	-4.76	2.144	-92.62	4.745	-2.601	-54.82		-32.66
						L		Sunnova Energy	5.237	12/08/24	-4.47	4.137	26.58	8.629	-4.492	-52.06		-35.71
						S		Shoals Technologies	4.058	12/08/24	0.20	4.833	-16.04	12.948	-8.114	-62.67		-54.01
						S		SolarEdge	16.960	12/08/24	1.13	18.961	-10.55	101.286	-82.325	-81.28		-71.10
PPVX - 30 out of 30 instruments rated - 1/07/24 / 16/10/23 - 9 did rise, Market-Ratio(37) in GBP = 30.00 %

 

Technical Chart

	PPVX RS = 37 - B/S = 52/31
4/01/21	scale up chart	1/07/24

 

Transactions Photon Photovoltaik-Aktienindex in Pound sterling * 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
2/01/06		13/11/06	315				- cash -
short	13/11/06	5/02/07	84				Beijing Energy	100	966,953		0.010	0.008	0.013	0.002	22	12,184	136
long	5/02/07	23/06/08	504				SunPower	100	523		23.291	41.825		18.535	80	21,877	53
short	23/06/08	6/07/09	378				JA Solar Energy	100	493		44.330	11.572	169.822	125.492	283	83,745	266
long	6/07/09	18/07/11	742				GCL Poly Energy	100	402,864		0.208	0.322		0.114	55	129,748	24
short	18/07/11	14/01/13	546				REC Silicon	100	16,019		8.099	1.334	49.169	41.070	507	787,644	234
long	14/01/13	6/10/14	630				SFCE	100	16,980,410		0.046	0.622		0.576	1,242	10,567,485	350
short	6/10/14	20/04/15	196				SMA Solar	100	678,073		15.585	10.573	22.973	7.388	47	15,577,102	106
long	20/04/15	11/05/15	21				Encavis	100	3,354,351		4.644	4.873		0.229	5	16,346,428	131
short	11/05/15	29/06/15	49				REC Silicon	100	10,850,886		1.506	1.398	1.624	0.117	8	17,616,414	75
long	29/06/15	27/07/15	28				Encavis	100	3,871,661		4.550	5.283		0.733	16	20,452,506	600
short	27/07/15	3/07/17	707				SFCE	100	93,066,508		0.220	0.044	1.109	0.890	405	103m	131
long	3/07/17	16/07/18	378				Beijing Energy	100	1013,168,946		0.102	0.052		-0.050	-49	52,679,050	-48
short	16/07/18	29/04/19	287				Beijing Energy	100	1013,168,946		0.052	0.033	0.082	0.030	58	82,978,537	78
long	29/04/19	20/09/21	875				Enphase Energy	100	10,515,660		7.891	111.671		103.780	1,315	1,174m	202
short	20/09/21	22/11/21	63				Scatec	100	84,502,506		13.897	13.572	14.229	0.332	2	1,202m	15
long	22/11/21	20/12/21	28				GCL Poly Energy	100	3635,272,838		0.331	0.226		-0.105	-32	822m	-99
short	20/12/21	22/08/22	245				Daqo New Energy	100	28,552,779		28.785	52.908	4.661	-24.123	-84	133m	-93
long	22/08/22	19/12/22	119				Array Tech	100	7,643,798		17.412	16.785		-0.627	-4	128m	-11
short	19/12/22	16/01/23	28				Flat Glass	100	66,209,812		1.938	2.389	1.486	-0.451	-23	98,414,265	-97
long	16/01/23	20/02/23	35				First Solar	100	666,180		147.729	136.425		-11.304	-8	90,883,490	-56
short	20/02/23	12/08/24	539				Scatec	100	15,353,805		5.919	6.269	5.569	-0.350	-6	85,506,877	-4
accum	13/11/06	12/08/24	6755	days out of 7070 invested (96%)										854,969		85,506,877	63

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
SFCE	long	14/01/13	6/10/14	630	0.05	0.62		0.58	1,241.66
	short	27/07/15	3/07/17	707	0.22	0.04	1.11	0.89	404.82			6,672.94
Enphase Energy	long	29/04/19	20/09/21	875	7.89	111.67		103.78	1,315.17			1,315.17
REC Silicon	short	18/07/11	14/01/13	546	8.10	1.33	49.17	41.07	507.07
	short	11/05/15	29/06/15	49	1.51	1.40	1.62	0.12	7.77			554.24
JA Solar Energy	short	23/06/08	6/07/09	378	44.33	11.57	169.82	125.49	283.08			283.08
SunPower	long	5/02/07	23/06/08	504	23.29	41.83		18.53	79.58			79.58
SMA Solar	short	6/10/14	20/04/15	196	15.58	10.57	22.97	7.39	47.41			47.41
Encavis	long	20/04/15	11/05/15	21	4.64	4.87		0.23	4.94
	long	29/06/15	27/07/15	28	4.55	5.28		0.73	16.10			21.83
GCL Poly Energy	long	6/07/09	18/07/11	742	0.21	0.32		0.11	54.93
	long	22/11/21	20/12/21	28	0.33	0.23		-0.10	-31.64			5.91
Beijing Energy	short	13/11/06	5/02/07	84	0.01	0.01	0.01	0.00	21.84
	long	3/07/17	16/07/18	378	0.10	0.05		-0.05	-48.98
	short	16/07/18	29/04/19	287	0.05	0.03	0.08	0.03	57.52			-2.08
Array Tech	long	22/08/22	19/12/22	119	17.41	16.79		-0.63	-3.60			-3.60
Scatec	short	20/09/21	22/11/21	63	13.90	13.57	14.23	0.33	2.39
	short	20/02/23	12/08/24	539	5.92	6.27	5.57	-0.35	-5.92			-3.67
First Solar	long	16/01/23	20/02/23	35	147.73	136.42		-11.30	-7.65			-7.65
Flat Glass	short	19/12/22	16/01/23	28	1.94	2.39	1.49	-0.45	-23.29			-23.29
Daqo New Energy	short	20/12/21	22/08/22	245	28.78	52.91	4.66	-24.12	-83.81			-83.81

Annotations

22/04/24	PPVX			Voltalia replaces Meyer Burger
13/11/23	PPVX			Altus Power replaces Maxeon
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

write an annotation