Research Article
Stock Price Fluctuations of Listed Companies in the Photovoltaic Energy Industry
@INPROCEEDINGS{10.4108/eai.28-10-2022.2328405, author={Qianyun Gao and Weize Sun and Yan Wang}, title={Stock Price Fluctuations of Listed Companies in the Photovoltaic Energy Industry}, proceedings={Proceedings of the International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2022, October 28-30, 2022, Shenzhen, China}, publisher={EAI}, proceedings_a={FFIT}, year={2023}, month={4}, keywords={traditional energy; russia-ukraine conflict; photovoltaic industry; stock volatility}, doi={10.4108/eai.28-10-2022.2328405} }- Qianyun Gao
Weize Sun
Yan Wang
Year: 2023
Stock Price Fluctuations of Listed Companies in the Photovoltaic Energy Industry
FFIT
EAI
DOI: 10.4108/eai.28-10-2022.2328405
Abstract
As climate problems and environmental crises intensively, renewable and clean energy have attracted widespread attention. Contemporarily, with the break out of Russian-Ukrainian conflict, the major financial assets fluctuate accordingly and the energy sector is no exception. This paper analyzes the impact of traditional energy prices and the current Russian-Ukrainian conflict on the revenue of the photovoltaic industry. This paper selects the listed companies in the A-share photovoltaic industry as investigation sample. For traditional energy prices, we select the WTI crude oil futures and coke futures prices to calculate the photovoltaic energy and its correlation coefficient. According to the analysis, different crude oil prices have different effects on enterprises, there is no significant correlation between them. On the contrary, the Russia-Ukraine incident had a positive effect on photovoltaic companies. These results shed light on industry investment analysis for high volatility situations.