Stock Market Week 41/26: RENIXX Marks New Annual Low and Recovers by Week’s End – Xpeng and Samsung SDI Lead, Plug Power and Nordex Fall Sharply
Münster – The RENIXX World set a new annual low on a closing basis last Thursday, but it narrowly held its support zone and recovered somewhat by the end of the week. Battery and electric mobility stocks such as Xpeng, Samsung SDI and CATL were the week’s winners. Plug Power and Nordex were among the losers.
RENIXX Closes at 1,172.10 Points: Xpeng and Samsung SDI Lead the Gainers
The RENIXX World closed at 1,172.10 points on Friday, October 9, 2026. That is a decline of 0.1 percent, or 1.08 points, from the previous week (1,173.18 points on October 2, 2026). The biggest gains were recorded by Xpeng (+7.7 percent), Samsung SDI (+6.5 percent), CATL (+5.3 percent), BYD (+3.3 percent) and Verbund (+2.6 percent). Plug Power (−9.0 percent), Nordex (−7.1 percent), Goldwind Science & Technology (−6.1 percent), Ballard Power (−5.5 percent) and Ørsted (−5.1 percent) dominated the losers’ list. On a year-to-date basis, the RENIXX remains marginally in positive territory, up 3.7 percent, or 41.73 points, since the start of the year (December 30, 2025: 1,130.37 points). It is still about 24.4 percent below its previous 52-week high of 1,550.58 points (June 3, 2026).
Company News, Week 41/26
EWE and Verbund are combining their expertise for the “CHC Elektrolyse JadeWeser” hydrogen project in a joint venture. According to the partners, it is set to be among the largest hydrogen projects in Europe and will be connected to the planned hydrogen core network. Verbund shares rose 2.6 percent last week to EUR 64.90.
Norway’s Scatec and France’s EDF Power Solutions have started construction of the 900 MW Shadwan Onshore Wind Farm in Egypt. The project, with an investment volume of USD 716 million, is expected to generate around 4 billion kWh of electricity annually. The first phase is scheduled to begin operations at the end of 2027. Shadwan is one of a series of large-scale projects through which Egypt is advancing the expansion of renewable energy. The country is also becoming an important growth market for Scatec. In addition to the wind farm, the company is planning the Energy Valley solar and storage project there, with 1,950 MW of solar capacity and 3,935 MWh of battery storage capacity. Scatec shares rose 1.1 percent last week to EUR 9.61.
SMA and M.O.E. have provided practical proof for grid-forming inverters. SMA has received a prototype confirmation of grid-forming capabilities for its Sunny Central Storage UP-S 4600 battery inverter with “Full Boost.” According to the certification body M.O.E., it is the first confirmation of its kind in the industry based on VDE FNN Guideline 2.1. SMA shares fell 3.4 percent to EUR 58.90.
Vestas and Neretek are examining cooperation on offshore wind projects in water depths of 60 to 90 metres. The two companies have signed a memorandum of understanding (MoU) to assess possible applications of their foundation and turbine technologies in joint offshore wind projects. Vestas shares lost 4.8 percent over the week and closed at EUR 25.32.
Technical Outlook: RENIXX Tests Support
After its high on September 8, 2026 (1,257.61 points) and a break below the zone of 1,190 to 1,200 points, the RENIXX set a new annual low on a closing basis on Thursday, October 8, 2026, at 1,153.60 points. The intraday low was 1,153.03 points. The decline since the September high thus totals around 8.3 percent. A recovery attempt had failed earlier, on Wednesday, October 7, 2026, at 1,189.32 points, just below the 20-day moving average (MA20, then around 1,190 points) and the former support zone, which is now acting as resistance.
On Friday, October 9, 2026, the index closed at 1,172.10 points, down 0.1 percent from the previous week (October 2, 2026: 1,173.18 points).
The support zone of 1,145 to 1,160 points remains intact as long as the RENIXX trades above it (intraday low of 1,145.32 points on September 29, 2026). The broader downtrend since the 52-week high of June 3, 2026 (1,550.58 points) remains intact below the resistance zone of 1,187 to 1,200 points and below MA20 (1,186.98 points), MA50 (1,223.99 points) and MA200 (1,280.98 points, each based on the closing price on October 8, 2026). The 14-day relative strength index (RSI) stands at 37.4.
RENIXX Slightly Higher at Start of Week The RENIXX is trading firmer on Monday morning at the start of the new trading week. The biggest gains are being recorded by BYD, Goldwind, Daqo New Energy, CATL and Xpeng.
About the Global RENIXX World Equity Index and the Planned RENIXX ETF
The RENIXX® World (Renewable Energy Industrial Index, ISIN: DE000RENX014) is the world’s first equity 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 the 30 international companies with the highest free-float market capitalisation and reflects both the performance and the global market development of the renewable energy industry. The RENIXX started on May 1, 2006, with a base value of 1,000 points, and a back-calculation to 2002 has been carried out. The index is available through leading financial media and data providers such as Bloomberg, Reuters, the Financial Times, BlackRock (Aladdin) and Wallstreet Online. The companies included in the RENIXX currently have a combined free-float market capitalisation of around EUR 230 billion.
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, 12 Oct 2026
