Stock Markets, Week 34/26: RENIXX Under US Rate Pressure – Bloom Energy and Ballard Power Post Double-Digit Losses, Xinyi Solar and BYD Lead Gains
Münster – The RENIXX World traded volatile last week and ended the period in negative territory, dropping back below its 200-day moving average after briefly reclaiming that level as support in mid-August. Following a weekly high on Monday, August 17, 2026, the index fell sharply through Wednesday, August 19, 2026, before recovering modestly toward the end of the week.
Xinyi Solar and BYD Lead Gains as Bloom Energy and Ballard Power Slide Double Digits
The RENIXX World closed at 1,252.73 points on Friday, August 21, 2026, down 1.7 percent, or 21.89 points, from the previous week's close of 1,274.62 points (August 14, 2026). The biggest gainers were Xinyi Solar (+4.2 percent), BYD (+4.1 percent), Green Plains (+3.7 percent), Cadeler (+3.6 percent) and Verbund (+3.5 percent). On the losing side, Bloom Energy (−13.8 percent), Ballard Power (−11.6 percent), Sunrun (−10.3 percent), Daqo New Energy (−7.9 percent) and Array Technologies (−7.8 percent) led declines. Year-to-date, the RENIXX remains in positive territory, up 10.8 percent, or 122.36 points, from 1,130.37 points on December 30, 2025, though it still trades around 19.2 percent below its 52-week high of 1,550.58 points reached on June 3, 2026.
Company News, Week 34
Norwegian renewable energy company Scatec has secured financing for its first onshore wind project in Europe: the 77 MW Urleasca wind farm in Romania, which complements the company's 190 MW Dobrun and Sadova solar projects in the country. Total costs are around EUR 168 million. Swedish developer OX2 will handle construction management through commissioning, planned for 2028, while Scatec holds a 100 percent stake in the project.
Scatec also reported second-quarter results. The company posted proportional revenue of EUR 210.4 million in the second quarter of 2026, down from EUR 211.8 million a year earlier, with EBITDA of EUR 93.5 million, compared with EUR 104.0 million in the second quarter of 2025. Power production rose 21 percent to 1,135 GWh. For full-year 2026, the company expects proportional power production of between 5.05 and 5.35 TWh.
Scatec shares, listed on the RENIXX World, closed at EUR 8.90 on August 21, 2026, down 1.8 percent from EUR 9.06 a week earlier.
Technical Picture: Rate Pressure Costs the 200-Day Line
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, on Tuesday, July 28, 2026. The index then recovered and briefly reclaimed its 200-day moving average as support in mid-August. Since Monday, August 18, 2026, however, the RENIXX has fallen back below the 200-day line, turning the level back into resistance from above.
As long as the index remains below the 200-day line, currently at around 1,272 points, the short-term recovery attempt is considered impaired; a close above that level would be needed for it to resume. On the downside, the MA20 at around 1,256 points offers the next support level, while the MA50 at around 1,303 points remains the key resistance zone on the upside. The RSI(14) stood at 41.9 as of August 20, 2026, pointing to a neutral to slightly weaker market environment without signaling oversold conditions.
RENIXX Opens the New Trading Week
In early trading in the new week, the RENIXX is losing ground. The biggest losses are being recorded by Bloom Energy, Xinyi Solar, Array Technologies, CATL and Canadian Solar, while Ballard Power, Xpeng and Sunrun are posting gains.
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 dedicated to 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 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, Financial Times, BlackRock (Aladdin) and Wallstreet Online.
To mark its 20th anniversary, IWR is planning to launch an exchange-traded fund (ETF) that will make the RENIXX transparent, regulated and investable.
Source: IWR Online, Aug 08 2026