Stock Market Week 19/26: RENIXX Reaches new Annual Highs – Quarterly Results Drive Prices: Canadian Solar, Ballard Power, Sunrun, Array Technologies and Enphase Rise by Double Digits
Münster (Germany) – The RENIXX continued its upward trend for much of last week and marked new annual highs. On 06/05/2026, the index reached a new intraday high of 1,423.41 points. Already on 05/05/2026, a new annual high on a closing basis was recorded at 1,413.45 points. Towards the end of the week, however, a consolidation set in with noticeable declines.
Green stocks between AI-driven electricity demand and falling system costs
The current week once again highlights the high dynamics in the global energy sector. Increasing attention is being paid to the rapidly growing electricity demand from data centers and AI infrastructure, which is creating new demand impulses for flexible and decentralized energy supply.
At the same time, the International Renewable Energy Agency (IRENA) sees a turning point in global electricity costs. According to the new report “24/7 renewables: The economics of firm solar and wind,” combined wind and solar systems with battery storage are now cheaper than new coal and gas power plants in many regions.
The drivers are sharply declining technology and storage costs. Since 2010, investment costs have fallen by 87% for solar energy, 55% for onshore wind, and even 93% for battery storage, according to IRENA. This is shifting the cost structure of power systems increasingly in favor of renewable energy and flexible storage solutions.
Company news week 19/26
Ballard Power
Ballard continues its recovery, reduces losses, and confirms operational progress. The fuel cell company increased revenue in Q1 by 26% to USD 19.4 million (Q1 2025: USD 15.4 million). Gross margin improved significantly to 14%, returning to positive territory (Q1 2025: -23%). Operating expenses were reduced by 36% to USD 16.4 million (Q1 2025: USD 25.8 million). The Ballard Power share rose by 21.5% to €3.50.
Sunrun
Sunrun increased Q1 2026 revenue by 43% to USD 722.2 million (Q1 2025: USD 504.2 million). The company reported net income attributable to common shareholders of USD 167.6 million under US GAAP, equal to USD 0.71 per share (basic) or USD 0.62 (diluted). The Sunrun stock closed up 14.2% at €12.38.
Ormat
Ormat Technologies reported record revenue and earnings. In Q1 2026, total revenue rose by 76% to USD 403.9 million (Q1 2025: USD 229.8 million). Operating income increased by 58% to USD 80.3 million, while adjusted EBITDA rose by 30% to USD 194.9 million. Adjusted diluted EPS increased by 91% to USD 1.30. The stock ended the week up 4.9% at €102.80.
Vestas
Vestas increased quarterly profit and confirmed its full-year forecast. EBIT before special items rose to €127 million, significantly higher than the previous year (€14 million). The EBIT margin improved to 3.2% (Q1 2025: 0.4%). The dividend of DKK 0.74 for fiscal year 2025 was paid on 13 April 2026. The stock gained 0.7% to €26.10.
Ørsted
Ørsted started 2026 with higher offshore production and improved operational performance. EBITDA (excluding partnerships and cancellation fees) rose by 11% to DKK 9.5 billion. Offshore EBITDA reached DKK 7.5 billion, up DKK 1.2 billion year-on-year. Net profit fell to DKK 2.6 billion from DKK 4.9 billion, mainly due to non-cash tax effects and impairments. The stock declined by 3% to €21.84.
Nordex
Nordex marked 10 years since its integration with Acciona Windpower, highlighting the importance of the European wind industry. The stock fell 3.6% to €46.66.
Scatec
Scatec posted weak results following a strategic shift toward an independent power producer (IPP) model. Revenue fell to NOK 1,640 million (Q1 2025: NOK 2,387 million), EBITDA declined to NOK 774 million. Despite higher electricity production, the stock dropped 15.1% to €9.43, making it the weakest RENIXX performer of the week.
Technical outlook: RENIXX consolidates above breakout zone
After reaching new annual highs, the index confirmed a breakout above the 1,280–1,300 point resistance zone. Despite consolidation at the end of the week, RENIXX remains above this zone, keeping the upward trend intact.
The 1,280–1,300 range now serves as key support, while 1,400 points remain the main short-term psychological resistance.
RENIXX starts on a positive note
In early trading of the new trading week, the RENIXX is rising. The strongest gains are recorded by EDP Renewables, China Longyuan, Xpeng, Xinyi Solar, and Green Energy. On the losing side are Canadian Solar, Grenergy Renovables, Goldwind, Daqo New Energy, and Array Technologies.
About RENIXX World index and planned ETF
The RENIXX World (Renewable Energy Industrial Index, ISIN: DE000RENX014) is the world’s first stock index for renewable energy and the oldest global benchmark for this industrial sector. It covers wind, solar, bioenergy, geothermal, hydropower, e-mobility, hydrogen, and fuel cells.
The index includes 30 international companies with the highest free-float market capitalization. It started on 1 May 2006 with a base value of 1,000 points (back-calculated to 2002). It is available via major financial data providers such as Bloomberg, Reuters, Financial Times, BlackRock (Aladdin), and Wallstreet Online.
On its 20th anniversary, the index provider plans to launch an ETF to make RENIXX investable in a regulated, transparent form in cooperation with a white-label ETF provider.
Source: IWR Online, 11 May 2026
