Stock Market Week 32/26: RENIXX Extends Recovery – 200-Day Line in Focus
Münster — The RENIXX World extended its recovery from previous weeks: after a weekly low at the start of the week, the index rose markedly by midweek before easing again toward the end of the week, closing just above the previous week's level.
Analyst and Market Drivers in Focus
The Strait of Hormuz remained the dominant geopolitical theme. Following an announcement by US Treasury Secretary Scott Bessent on Tuesday, August 4, 2026, pointing to an imminent agreement, Brent crude fell as much as 4 percent to below USD 80 per barrel, before doubts over a swift reopening pushed the oil price back down on Wednesday. On Friday, August 7, 2026, Brent rose to a weekly high of USD 83.75 per barrel following a new Iranian proposal and increased Chinese oil purchases.
Internationally, global installed solar capacity reached around 3 terawatts in 2026, according to BloombergNEF — it took ten years to add the first terawatt but only two years to add the third. China remains the main driver of this growth, where grid expansion is struggling to keep pace with the rate of capacity additions. With its 15th Five-Year Plan, published on July 23, 2026, China is also tightening its stance on domestic solar overcapacity, including through new energy efficiency standards and a tiered consumption tax on PV products. The United States responded on Thursday, August 6, 2026, with a 15 percent import tariff on polysilicon and minimum import prices, effective December 4, 2026.
The US administration under President Donald Trump also continued its campaign against offshore wind energy, systematically buying back projects worth billions of dollars and redirecting investment toward fossil fuels. Since March 2026, the volume of comparable agreements has totaled around USD 3.93 billion covering twelve abandoned offshore wind leases.
Company News – Week 32/26
Nordex secured further orders last week. In the United States, the company won three new orders with a combined capacity of more than 480 MW; the contracts cover the delivery of 81 N163/5.X turbines. The company did not disclose customers or project locations; the turbines will be manufactured at Nordex's plant in the US state of Iowa. In Turkey, Nordex also received an order for 72 N175/6.X turbines with a capacity of 525 MW.
Sunrun reported revenue of USD 870.0 million for the second quarter of 2026, up 53 percent year-on-year. Revenue from energy systems and product sales rose 193 percent. The company nevertheless lowered its full-year guidance, citing higher financing costs, slower expansion of its direct sales channel, and a slight increase in the cost of capital.
Ballard Power increased second-quarter revenue by 15 percent and improved its gross margin to 20 percent. Order intake stood at USD 64 million in the second quarter, lifting the order backlog to USD 156.6 million, up 38.8 percent from the previous quarter.
Scatec is entering the European onshore wind market for the first time. The Norwegian renewable energy company is acquiring a 77 MW project from Swedish developer OX2, with wind turbines for the project to be supplied by Nordex. The acquisition comes amid a period of transition in the Romanian wind energy market. Following years of low investment, the new CfD (Contract for Difference) model is expected to accelerate onshore wind expansion again.
Technical Picture: Testing the 200-Day Line
After reaching its year-to-date high of 1,533.57 points on Tuesday, June 2, 2026, the RENIXX corrected sharply in the following weeks, falling to around 1,198 points at one point in late July. The 200-day moving average, since reclaimed and currently at 1,266.98 points, has shifted from a resistance level to a short-term support level.
The index closed at 1,264.01 points on Friday, August 7, 2026, up 1.2 percent from the previous week (July 31, 2026). After reaching a weekly high of 1,292.07 points on Wednesday, August 5, 2026, the index eased again and closed the week just below the 200-day moving average.
A sustained close above the roughly 1,267-point mark would be needed to technically confirm the short-term recovery; Friday's closing price came in just below that level. On the upside, the 50-day moving average at 1,340.08 points marks the next resistance and potential breakout zone, a break above which would confirm the broader recovery trend since the yearly low. The RSI(14) reading of 45.4 signals neither an overbought nor an oversold condition.
Image: RENIXX World – Renewable Energy Industrial Index – chart analysis excerpt © IWR
RENIXX Starts the Week Slightly Higher
The RENIXX opened the new trading week somewhat firmer. The biggest gainers by early Monday afternoon were Array Technologies, Cadeler, SolarEdge, Grenergy Renovables and Green Plains. First Solar, Goldwind, Daqo New Energy, JinkoSolar and Bloom Energy posted the steepest losses.
About the Global RENIXX World Stock Index and the Planned RENIXX ETF
The RENIXX® World (Renewable Energy Industrial Index, ISIN: DE000RENX014) is the world's first stock index for renewable energy and the oldest global market barometer for this industrial growth sector. It covers 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 tracks both the performance and the global market development of the renewable energy industry. The RENIXX launched on May 1, 2006, with a base value of 1,000 points; a retroactive calculation back to 2002 was also carried out. 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, IWR plans to launch an exchange-traded fund (ETF) that would make the RENIXX transparent, regulated and investable.
Source: IWR Online, 10 Aug 2026
