Stock Week 28/26: RENIXX Falls Sharply – Plug Power, Ballard Power, Bloom Energy, CATL and Nordex Post Double-Digit Losses

Münster — The RENIXX World gave up significant ground over the past trading week after touching an interim high at the start of the period. Having stood at 1,360.07 points on Monday, July 6, 2026, the index fell to a weekly low of 1,282.48 points (closing price) by Wednesday, July 8, 2026 — a decline of around 5.7 percent within two trading days.

The RENIXX closed the week at 1,293.82 points on Friday, July 10, 2026, down 4.0 percent from the previous week's close of 1,347.95 points. The biggest gainers were Green Plains (+8.9 percent), Cadeler (+4.0 percent), Solaredge Technologies (+3.8 percent), Northland Power (+3.6 percent) and Enphase Energy (+3.4 percent). Losses were led by Plug Power (-15.2 percent), Ballard Power (-13.5 percent), Bloom Energy (-12.4 percent), CATL (-12.4 percent) and Nordex (-10.3 percent). Despite the correction, the RENIXX remains up around 14.3 percent year-to-date, though it is trading roughly 15.6 percent below its 52-week high of 1,533.57 points reached on June 2, 2026.

Analysts and Market Drivers in Focus

The week's price action was shaped by renewed escalation between the United States and Iran, after a previously floated agreement to end the conflict was, according to the White House, "off the table," followed by fresh strikes on Iran. Oil prices rose sharply as a result, pushing ten-year US Treasury yields to a seven-week high.

Minutes from the Federal Reserve's June meeting — the first under new Fed Chair Kevin Warsh — released on Wednesday showed growing concern among policymakers over inflation. That environment weighed on rate-sensitive growth stocks in the renewables sector.

Company News – Week 28/26

Northland Power reported a historic milestone in Poland: the 1.1 GW Baltic Power offshore wind project fed electricity into the Polish grid for the first time, making Poland the 19th country worldwide to generate offshore wind power commercially. Northland Power shares gained 3.6 percent last week to EUR 13.71.

Sunrun is moving into a new business area, planning to use distributed solar installations to provide additional computing capacity for artificial intelligence. Under a pilot project, homeowners' existing solar and battery systems would be used as computing infrastructure, with participants receiving compensation in return. Sunrun shares fell 2.9 percent last week to EUR 10.88.

Nordex lifted order intake to 3.1 GW in the second quarter, up 32.2 percent from a year earlier (Q2 2025: 2,310 MW). First-half order intake totaled 4,923 MW, an increase of 9.6 percent year-on-year (H1 2025: 4,492 MW). Separately, project developer UKA ordered 100 wind turbines with a combined capacity of 700 MW from Nordex. Nordex shares dropped 10.3 percent last week to EUR 41.18.

Plug Power is supplying an electrolyser to Australia after mining and explosives group Orica took a final investment decision on the Hunter Valley Hydrogen Hub. For Plug Power, the order marks a further step in expanding its Asia-Pacific business, where the RENIXX World-listed company is already involved in several electrolyser projects in Australia. Plug Power shares fell 15.2 percent last week to EUR 1.96.

Technical Picture: Support Zone Under Pressure

Following the yearly high of 1,533.57 points on June 2, 2026, the RENIXX's multi-week correction continued. The 1,300–1,320-point zone, which had held as support the previous week, was breached last week, with the index falling as low as 1,281.88 points (intraday low, Wednesday, July 8, 2026). That level is now considered vulnerable.

The 200-day moving average currently stands at around 1,251.5 points and forms the broader support level. As long as the RENIXX remains above that mark, the uptrend in place since the start of the year is formally intact — but a sustained drop below the 1,280–1,300-point zone would significantly cloud the technical picture. On the upside, the 1,370–1,400-point zone remains the next resistance level.

RENIXX Opens New Week Lower

The RENIXX extended its losses in early trading at the start of the new week. The biggest decliners were Bloom Energy, Canadian Solar, Xinyi Solar, Ormat and Plug Power, while CATL, Vestas, Daqo New Energy, Verbund and China Longyuan traded higher.

About the RENIXX World Global 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 the 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 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 has also been carried out. The index is available through leading financial media and data providers including Bloomberg, Reuters, the Financial Times, BlackRock (Aladdin) and Wallstreet Online.

To mark its 20th anniversary, IWR is planning to launch an exchange-traded fund (ETF) that would make the RENIXX transparent, regulated and investable. Implementation would potentially take place in cooperation with an established white-label ETF provider.

Source: IWR Online, Jul 07 2026