Stock Market Week 43/26: RENIXX Falls to New 2026 Low – Scatec, CATL, SMA, Solaria Energia and Bloom Energy Lose Double-Digit Percentages, Cadeler Surges

Münster – The RENIXX World extended its decline in the past trading week, falling sharply by 4.2 percent. Scatec, CATL and SMA Solar came under particular pressure. Offshore wind specialist Cadeler led the gainers with a double-digit rise.

The RENIXX is now again trading below its level at the end of 2025, wiping out all of the first-half gains. International equity markets are being weighed down by renewed increases in oil and gas prices, inflation and interest rate risks, and doubts over the financing of large AI and data centre investments. Higher financing costs can weigh in particular on capital-intensive energy projects. At the same time, the expansion of renewable energy is gaining in importance given high fossil fuel prices.

RENIXX Closes at 1,072.58 Points: Cadeler and SolarEdge Lead – Scatec, CATL and SMA Biggest Losers

The RENIXX World closed at 1,072.58 points on Friday, October 23, 2026. Compared with the previous week (1,119.39 points, October 16, 2026), this is a decline of 4.2 percent, or 46.81 points. The biggest gainers were Cadeler (up 13.1 percent), SolarEdge (up 6.6 percent), Sunrun (up 4.6 percent), Enphase Energy (up 3.9 percent) and Verbund (up 2.6 percent). The biggest losers were Scatec (down 22.1 percent), CATL (down 18.7 percent), SMA Solar (down 17.8 percent), Solaria Energia (down 13.5 percent) and Bloom Energy (down 12.6 percent).

Year to date, the RENIXX is down 5.1 percent, or 57.79 points, from its closing level of 1,130.37 points on December 30, 2025. It now trails the 52-week high of 1,550.58 points, reached on June 3, 2026, by around 30.8 percent.

Company News Week 43/26

Norwegian solar and storage operator Scatec lowered its 2026 forecast for proportionate EBITDA in its power production business by NOK 300 million. The profit warning of October 21 weighed heavily on the stock. Scatec shares lost 22.1 percent over the week to EUR 7.40.

Chinese battery manufacturer CATL reported its third-quarter 2026 results, missing market expectations. The stock was among the biggest losers in the RENIXX with a weekly loss of 18.7 percent, ending the trading week at EUR 40.50.

Nordex is entering the New Zealand wind energy market with its first order there. The Hamburg-based wind turbine manufacturer will supply a total of 40 N133/4.8 turbines with a combined capacity of 192 MW for energy utility Mercury. The turbines are intended for a new wind farm on New Zealand’s South Island. The order includes a 30-year service contract. Nordex shares fell 6.8 percent last week and closed at EUR 36.28.

US fuel cell manufacturer Bloom Energy increased its third-quarter 2026 revenue by 138.1 percent year on year to USD 1.24 billion. Operating profit under US GAAP rose from USD 7.8 million to USD 225.4 million, and the operating margin from 1.5 percent to 18.2 percent. The company again raised its full-year guidance. Despite the strong results, Bloom Energy shares fell 12.6 percent over the week to EUR 172.00.

Technical Picture: RENIXX Falls to New 2026 Low

After breaking below the support zone of 1,145 to 1,160 points in the previous week, the RENIXX continued its downward move. The weekly high of 1,143.58 points on October 19 remained below this zone, which now acts as resistance.

On Friday, October 23, 2026, the RENIXX reached a new 2026 low on a closing basis at 1,072.58 points. The intraday low was 1,067.73 points. The index also fell below the previous support zone of 1,078 to 1,090 points.

The index continues to trade below its MA20, MA50 and MA200 moving averages. The next major support lies at the previous 52-week low of 1,055.19 points from November 21, 2025. The earlier support zone of 1,145 to 1,160 points forms an overarching resistance area.

RENIXX Slightly Lower at Start of New Trading Week

The RENIXX is trading somewhat weaker on Monday morning. The biggest losses are recorded by Goldwind, Bloom Energy, SolarEdge, Cadeler and BYD. SMA Solar, Xinyi Solar, China Longyuan, Daqo New Energy and CATL can gain in early trading.

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 energies and the oldest global market barometer for this industrial sector of the future. 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; a back-calculation to 2002 has been carried out. The index is available via leading financial media and data providers such as Bloomberg, Reuters, Financial Times, BlackRock (Aladdin) or Wallstreet Online. As of the last index adjustment, the companies included in the RENIXX had a free-float market capitalisation of around EUR 230 billion.

On the occasion of the 20th anniversary, IWR plans to launch an exchange-traded fund (ETF) that makes the RENIXX transparent, regulated and investable.

Source: IWR Online, 26 Oct 2026