Proceedings of the International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2022, October 28-30, 2022, Shenzhen, China

Research Article

Stock Price Fluctuations of Listed Companies in the Photovoltaic Energy Industry

Download171 downloads
  • @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
Qianyun Gao1,*, Weize Sun2, Yan Wang3
  • 1: University of Science and Technology Beijing
  • 2: Beijing Technology and Business University
  • 3: Shanxi University of Finance and Economics
*Contact email: 42007176@xs.ustb.edu.cn

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.