Stock Market Week 10/26: RENIXX in Geopolitical Crisis Mode - RENIXX ETF Planned - Plug Power Shares Jump After Results - BYD Charges Cars in Nine Minutes - Nordex Scores with Qualitas
Münster (Germany) - The RENIXX declined last week and once again tested the 1,200-point mark. Market activity was largely driven by the crisis in the Middle East. Rapidly rising oil and gas prices following Iranian attacks on energy facilities in the Gulf region initially caused a shock freeze in the markets.
Investors Assume on a Temporary Conflict Despite Oil and Gas Price Surge
At present, a large share of investors appears to assume that the conflict will only be temporary. However, this assessment could prove misleading. If oil and gas prices continue to rise and remain at elevated levels, a renewed surge in inflation could follow - with corresponding risks on the interest-rate side. Whether renewable energy and thus the RENIXX can benefit in such an environment ultimately depends on investors’ medium-term expectations regarding energy prices, inflation and monetary policy.
New: RENIXX ETF
The RENIXX is the world’s first and oldest global stock index for renewable energies. Since its launch in 2006, the RENIXX World has reflected boom phases, consolidations and technological transformations within the industry.
Today, the RENIXX is listed in leading international financial information systems, including Bloomberg, Refinitiv/Reuters and the BlackRock Aladdin® platform. This underlines the index’s growing institutional relevance. The companies included in the RENIXX currently represent a free-float market capitalization of around €180 billion, accounting for a substantial share of the globally listed renewable energy sector.
On the occasion of its 20th anniversary, the IWR is examining the launch of an exchange-traded fund (ETF) that would make the RENIXX transparent, regulated and investable. Possible implementation would take place in cooperation with an established white-label ETF provider.
Company News Week 10/26
Plug Power increases 2025 revenue to USD 710 million and achieves positive gross margin in Q4
Plug Power has released its results for the fourth quarter and full year 2025. The figures came in better than analysts had expected. Quarterly gross profit amounted to USD 5.5 million, while the gross margin in Q4 reached 2.4 percent, representing a significant improvement compared with the same quarter of the previous year (Q4 2024: -122.5%).
GAAP earnings per share (EPS) improved to -USD 0.63 (Q4 2024: -USD 1.48), or -USD 0.06 on an adjusted basis (Q4 2024: -USD 0.29).
For the full year 2025, Plug Power reported revenue of around USD 710 million, representing an increase of 12.9 percent (2024: USD 629 million). The new CEO, Jose Luis Crespo, sees the company on track for further development. Plug Power shares surged, rising 21.2 percent over the week to €1.83.
BYD charges electric vehicles in just nine minutes - shares gain
BYD is setting new benchmarks in electromobility. With its second-generation Blade battery and fast-charging technology, charging electric vehicles is, according to BYD, becoming as quick as refueling. The Blade battery can charge from 10 percent to 70 percent in just five minutes, and from 10 percent to 97 percent in nine minutes. Even at -30°C, charging takes only three minutes longer than at room temperature, according to the company.
The Chinese automaker is thus largely overcoming the limitations of charging at low temperatures. BYD shares closed trading at €10.2, unchanged from the previous week.
Qualitas opts for Nordex turbines
Nordex has secured another order in the German onshore wind market. As the Hamburg-based company announced, Qualitas Energy Deutschland has ordered eight N163/6.X turbines with a total capacity of 56 MW for the Wippershainer Höhe wind farm. The site of the wind farm is located near Bad Hersfeld in the German state of Hesse.
Installation of the first turbine is scheduled for summer 2027, with commissioning planned by the end of 2027. The project is part of Qualitas Energy Group’s German wind portfolio of more than 3,000 MW (3 GW), comprising over 100 projects. Nordex shares declined by 4.5 percent last week to €40.74.
Technical outlook: RENIXX rejected at the 1,300 mark
From the end of 2023 until early January 2025, the RENIXX moved in a pronounced sideways range between 1,000 and 1,200 points. The notable interim low of 748 points in 2025 marked an important turning point and has since served as a key support zone.
Starting from this low, the index recovered significantly and reached a new yearly high of 1,288.68 points this week (previous: 1,279.06) - once again at the upper edge of the former 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 trend remains slightly positive. The support zone between 1,000 and 1,100 points continues to act as a stability anchor, while the area between 1,280 and 1,300 points serves as resistance on the upside.
RENIXX starts the week in negative territory
At the start of the new trading week, the RENIXX continued to decline. The biggest losses were recorded by EDP Renewables, Sunrun, Bloom Energy, Plug Power and Daqo New Energy. Only BYD, Xpeng, Goldwind and Scatec were trading higher in early trading.
About the global stock index RENIXX World
The RENIXX® World (Renewable Energy Industrial Index, ISIN: DE000RENX014) is the world’s first stock index for renewable energies and the oldest global stock market benchmark for this industrial future sector. It covers the segments 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 the performance and the global market development of 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 was carried out. The index is available via leading financial media and data providers such as Bloomberg, Reuters, Financial Times, BlackRock (Aladdin) and Wallstreet Online.
Source: IWR Online, 09 Mar 2026
