Stock Market Week 08/26: RENIXX Stable Above 1,200 Points - Year-to-Date Gain Climbs to 10.2% - Solaredge: Higher Revenue, Reduced Losses - Scatec JV: First Project in South Africa - Xpeng: Intelligent Mobility - Ormat: 150 MW PPA
Münster (Germany) - The RENIXX posted significant gains in the past trading week. However, in the absence of fresh momentum from corporate news or political developments, the index continues to fluctuate around the psychologically important 1,200-point mark.
Technical Situation: RENIXX Continues Sideways Movement
From the end of 2023 to early January 2025, the RENIXX traded within a pronounced sideways range between 1,000 and 1,200 points. The significant interim low of 748 points in 2025 marked an important turning point and has since functioned as a key support zone.
Starting from this low, the index has recovered considerably and reached a yearly high of 1,279.06 points this year—exactly at the upper boundary of the previous trading range. However, a sustained breakout above this level has not yet materialized.
Currently, the RENIXX is once again in a neutral sideways phase within the broader range. The overall tendency remains slightly positive. The support zone between 1,000 and 1,100 points continues to serve as a stabilizing anchor, while the area around 1,280 to 1,300 points acts as resistance. As of Friday’s closing price, the RENIXX is up 10.2 percent year-to-date in 2026.
Corporate News Week 08/26
Solaredge on the Road to Recovery: Revenue Up in Q4 and Full Year 2025 - Losses Reduced
Solaredge Technologies has published its financial results for the fourth quarter and full year 2025. In Q4 2025, Solaredge increased revenue by 71 percent year-over-year to USD 335.4 million (Q4 2024: USD 196.2 million). The company reported a GAAP net loss of USD -132.1 million in Q4 2025 (Q4 2024: USD -287.4 million).
For the full year 2025, Solaredge reported revenue of USD 1.18 billion, representing a 31 percent increase compared to the previous year (2024: USD 901.5 million). The GAAP net loss amounted to USD 405.4 million (2024: USD -1.81 billion).
Solaredge shares fell sharply last Tuesday but recovered afterward, ending the week up 7.2 percent at EUR 32.01.
Scatec Joint Venture launches first project in South Africa
The Scatec joint venture Lyra Energy, which operates as a trading and aggregation platform for renewable energy, has signed power purchase agreements (PPAs) with three commercial and industrial customers for the majority of a 255 MW solar power plant.
Lyra is a partnership between Norwegian project developer Scatec ASA, Standard Bank, and Stanlib. The Thakadu power plant will be constructed in two phases. Financial close and construction start of the first phase are expected in the first quarter of 2026, with the second phase to follow later in the year.
Scatec shares rose 4.2 percent to EUR 10.59.
Xpeng advances intelligent mobility
Xpeng presented its AI-powered Advanced Driver Assistance System (ADAS) at the UN/WP.29 Forum for Harmonization of Vehicle Regulations (IWG ADS) in Shanghai. As part of the event, live demonstrations were conducted on urban and highway routes to showcase the functionality of the Xpeng Navigation Guided Pilot (XNGP) under real-world conditions.
The XNGP system controls the vehicle in real time, detects traffic situations, and makes autonomous decisions regarding lane changes, braking, and acceleration maneuvers. Xpeng also unveiled initial details of its new VLA 2.0 (Vision-Language-Action) architecture. This technological advancement interprets visual information—such as data from cameras and sensors on vehicles, pedestrians, road markings, and traffic signs—together with voice inputs or traffic signals and translates them into concrete vehicle actions.
Xpeng shares declined 1.3 percent to EUR 14.90.
Ormat signs 150 MW PPA with NV Energy for Google in Nevada
Ormat is expanding its geothermal activities in Nevada and focusing on long-term power purchase agreements (PPAs). The company has now signed a PPA with NV Energy for up to 150 MW. The contract will partially supply electricity to Google’s data centers.
Although Google is not a direct party to the PPA, it will utilize the new capacity through a special tariff model offered by NV Energy. A portfolio of multiple projects is planned, to be gradually commissioned between 2028 and 2030. The contract term begins with the commercial operation of the first project and ends 15 years after the start of the final facility, providing Ormat with long-term, predictable revenues from its own assets.
Ormat shares declined 1.9 percent last week to EUR 97.54.
RENIXX starts the week lower
At the start of the new trading week, the RENIXX is trading lower. The biggest losses are recorded by China Longyuan, Solaredge, Bloom Energy, Vestas, and Grenergy Renovables. The strongest gains are posted by Goldwind, Xinyi Solar, BYD, ERG S.p.A., and Xpeng.
About the global stock index RENIXX World
The RENIXX® World (Renewable Energy Industrial Index, ISIN: DE000RENX014) is the world’s first stock index dedicated to renewable energies and the longest-established global market barometer for this industrial future sector. It covers wind energy, solar energy, bioenergy, geothermal energy, hydropower, electromobility, hydrogen, and fuel cells.
The index comprises 30 international companies with the highest free-float market capitalization and reflects both performance and global market developments in the renewable energy industry.
The RENIXX was launched on May 1, 2006, with a base value of 1,000 points; a back-calculation to 2002 has been carried out. The index is available via leading financial media and data providers such as Bloomberg, Reuters, the Financial Times, BlackRock (Aladdin), and Wallstreet Online.
Source: IWR Online, 23 Feb 2026
