The start of the Russian invasion of Ukraine marked a turning point in Solaria’s price, unleashing an escalation that is forcing bears to withdraw from one of their favorite targets on the Ibex.
The turnaround in the price of Solaria is surprising the bears, who since the beginning of last year have made the solar panel company one of their favorite victims of the Ibex. The corrective suffered in 2021 continued at the start of 2022, until just the day before the start of the Russian invasion of Ukraine. Solaria’s share price hit annual lows on February 23, at 13.02 euros.
Since then, the oil rally and the efforts to promote the energy transition have reinforced the investment attractiveness of the companies most linked to renewables, and have given rise to Solaria’s comeback. The Ibex company accumulates a 76% revaluation in the last three months, with its shares on the verge of 23 euros, closer to doubling the 13 euros to which it fell in February.
The resurgence of corporate movements in other companies linked to renewables such as Siemens Gamesa have even accelerated the rise in the Solaria Stock Exchange, one of the fixed in the Ibex stock pools likely to receive a takeover bid. At the close of yesterday, it signed its eighth rise in the last nine days, a period in which it has risen 16%.
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