Stock Market Week 35/26: RENIXX Under Fed Rate Pressure – JinkoSolar and Canadian Solar Down By Double Digits, Cadeler, Bloom Energy and Ørsted Lead Gains

Münster – The RENIXX World remained volatile during the reporting week and again closed trading below its 200-day moving average, posting a slight decline. After a low at the start of the week, the index recovered significantly by Thursday before losing ground again toward the end of the week.

From a market perspective, the focus was on the US Federal Reserve's monetary policy stance. At the Jackson Hole symposium on Friday, August 28, 2026, Fed Chair Kevin Warsh prioritized fighting inflation over full employment, a stance the market interpreted as moderately restrictive, weighing on growth stocks in the renewable energy sector. Internationally, US President Trump declared on Wednesday, August 26, 2026, that dependence on foreign grid technology constituted a national emergency, paving the way for tighter controls on inverters and battery storage systems from foreign suppliers.

Cadeler and Bloom Energy Lead Gains – JinkoSolar and Canadian Solar Down By Double Digits

The RENIXX World closed at 1,244.21 points on Friday, August 28, 2026. Compared with the previous week (1,252.73 points on August 21, 2026), this represents a decline of 0.7 percent, or 8.52 points. The biggest gainers were Cadeler (+7.0 percent), Bloom Energy (+6.1 percent), Ørsted (+3.9 percent), SolarEdge Technologies (+2.8 percent) and EDP Renováveis (+2.6 percent). On the losing side, JinkoSolar (−14.9 percent), Canadian Solar (−10.1 percent), Green Plains (−9.3 percent), Meridian Energy (−7.2 percent) and Ballard Power Systems (−5.4 percent) dominated. Year-to-date, the RENIXX remains in positive territory with a gain of 10.1 percent, or 113.84 points (December 30, 2025: 1,130.37 points), but continues to trade around 19.8 percent below its previous 52-week high of 1,550.58 points, reached on June 3, 2026.

Company News – Week 35/26

Canadian Solar is realigning its business strategically: the Canadian solar group is shifting its strategic focus from global volume growth in solar modules toward higher-value business segments, above all manufacturing in the United States. Losses widened significantly in the second quarter, while the storage business is gaining increasing importance. (IWR) Canadian Solar's stock, listed in the RENIXX World, closed at EUR 11.20 on August 28, 2026, down 10.1 percent from the previous week (August 21, 2026: EUR 12.46).

Cadeler, the Danish specialist in the transport, installation and management of offshore wind turbines and foundations, reported strong financial results for the first half of 2026. The company generated revenue of EUR 408 million in the first half of 2026, an increase of EUR 220 million (H1 2025: EUR 188 million). EBITDA more than doubled to EUR 208 million (H1 2025: EUR 102 million), while profit rose 54 percent to EUR 88 million. Both comparative figures are adjusted for one-off contract termination proceeds of EUR 111 million recorded in the prior-year period. According to the company, the increase is primarily attributable to fleet expansion and a higher number of billable operating days. With a weekly gain of 7 percent to EUR 5.49, Cadeler was the top performer in the RENIXX last week.

Technical Picture: Recovery Stalls

After reaching a 52-week high of 1,550.58 points on Wednesday, June 3, 2026, the RENIXX corrected sharply, falling to a multi-month low of 1,198.21 points intraday, or 1,206.91 points at the close, by Tuesday, July 28, 2026. The subsequent recovery again fell short this week of reclaiming the 200-day moving average, with the level, at around 1,272 points, continuing to act as resistance from above.

As long as the RENIXX trades below the 200-day moving average, currently at around 1,272 points, the recovery attempt underway since late July remains fragile; a sustained close above this level would be required for it to continue. On the downside, the weekly low of 1,230.64 points (August 24, 2026) provides support, while on the upside, the next major resistance zone lies at the MA50, around 1,289 points. The RSI(14) of 43.46 (as of August 27, 2026) points to a neutral market position, without being oversold.

RENIXX Start of the Week

In early trading at the start of the new week, the RENIXX is losing ground. The biggest declines are being recorded by CATL, Cadeler, BYD, Array Technologies and Nordex. Meridian Energy, Canadian Solar, China Longyuan, JinkoSolar and SolarEdge Technologies are among the gainers.

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 stock market barometer for this future-oriented industrial sector. It covers the fields of wind energy, solar energy, bioenergy, geoenergy, 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 was launched on May 1, 2006, with a base value of 1,000 points; a retrospective calculation back to 2002 has been 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 will make the RENIXX transparent, regulated and investable.

Source: IWR Online, 31 Aug 2026