Stock Market Week 25/26: RENIXX Recovers After Pullback – Bloom Energy and Nordex Post Double-Digit Gains
Münster – The RENIXX recovered significantly last week following an interim correction of around 12 percent. After hitting a low of 1,332.44 points on June 10, the index regained considerable ground. The recovery was driven primarily by hydrogen and wind energy stocks.
Analysts and Market Drivers in Focus
Market sentiment improved last week following a preliminary framework agreement between the United States and Iran aimed at resolving the conflict. Oil prices declined sharply in response, with Brent crude temporarily falling to around USD 77 per barrel after peaking above USD 126 per barrel in April. By the end of the week, Brent was trading again at around USD 80 per barrel after an initial round of negotiations between the two countries was cancelled.
The easing of geopolitical risks also helped alleviate inflation concerns. The U.S. Federal Reserve left its key interest rate unchanged at its latest meeting. This is likely to provide at least short-term relief for interest rate-sensitive growth stocks in the renewable energy sector.
Company News Week 25/26
Enphase has started shipping its new IQ9S-3P Commercial Microinverter generation. According to the company, the system is currently the most powerful commercial microinverter available from Enphase in the U.S. market. Enphase considers the system particularly suitable for projects using high-power solar modules ranging from 600 to 770 watts. Enphase shares declined by 2.3 percent over the past week to EUR 45.95.
Scatec has reached financial close for the Sidi Bouzid II solar power plant in Tunisia and has commenced construction of the project. The 120-megawatt (MW) facility is expected to enter commercial operation in the second half of 2027. The project was awarded through a government tender at the end of 2024 and is being developed together with the Japanese partner Aeolus SAS, a subsidiary of the Toyota Tsusho Group. Scatec shares fell 3.4 percent week-on-week to EUR 8.72.
Technical Outlook: Recovery Emerging After Pullback
After reaching a yearly high of 1,533.57 points on June 2, the RENIXX temporarily retreated to around 1,350 points, thereby falling below the 1,500-point support level, which is now likely to act as resistance.
Toward the end of the week, however, a clear recovery emerged. At the close of trading (as of June 19, 2026), the index stood at 1,423.36 points, up 3.3 percent compared with the previous week (June 12) and 2.2 percent on a daily basis. The RENIXX is therefore currently up 25.9 percent year-to-date.
As long as the RENIXX remains above its 200-day moving average (MA200) and the former breakout zone between 1,280 and 1,300 points, the broader uptrend that has been in place since mid-2025 remains fundamentally intact.
RENIXX Opens the Week Lower
At the start of the new trading week, the RENIXX is trading slightly lower in early dealings. The biggest decliners are Jinkosolar, Xinyi Solar, Xpeng, Meridian Energy, and BYD. Meanwhile, Nordex, Bloom Energy, Ørsted, Grenergy Renovables, and Scatec are posting gains.
About the Global RENIXX World Index and the Planned RENIXX ETF
The RENIXX® World (Renewable Energy Industrial Index, ISIN: DE000RENX014) is the world's first stock index dedicated to renewable energy and the oldest global stock market benchmark for this industrial growth sector. It covers the segments of wind energy, solar energy, bioenergy, geothermal energy, hydropower, electric mobility, 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; historical calculations have been backdated to 2002. The index is available through leading financial media and data providers such as Bloomberg, Reuters, Financial Times, BlackRock (Aladdin), and Wallstreet Online.
To mark its 20th anniversary, the IWR is planning the launch of an exchange-traded fund (ETF) that will make the RENIXX transparent, regulated, and investable. The potential implementation is being pursued in cooperation with an established white-label ETF provider.
Source: IWR Online, 22 Jun 2026
