Cox Energy closed its first week on the stock market with a 57% increase

Thus, after chaining up five sessions, the group devoted itself to the development and management of solar power plants. closed this friday with a value of 2.72 euros when it became the first company, compared to 1.73 euros per share, the price of which was set to ring the bell last Monday List the Mexican and Spanish markets at the same time.

The value invested in the company from the initial 285 million, 448 millionpositioned as Ninth company with highest capitalization in BME Growth, behind only socimis such as General de Galerías Comerciales (3.666 million) or GMP Property; From the self-consumption loader EiDF, whose price has been suspended since April, or from Proeduca, owner of the International University of La Rioja (Unir), whose total is 835 million.

as he pointed out Joaquin RoblesFrom broker XTB, evolution said that “investors think the initial valuation is below their expectations or discount big growth on a project basis for the coming quarters”. In this context, it should be noted that Cox Energy’s market entry is currently taking place. continuous flow of investment in renewable energygiven the acceleration of the energy transition.

However, Robles thinks it is too early to make a more in-depth assessment and reminds that the industry is also facing a crisis. complex environment in view “high interest rates and raw material increase“Reducing the profit margin of renewable energy”. Thus, he cites the declines that other similar firms have experienced in Ibex35 this week, for example solarium anyone Acciona Renewable.

In any case, for now, markets appear to be broadly supportive of Cox Energy’s plans. It foresees an investment of approximately 3,500 million. By 2026, with the commissioning of around 5,000 megawatts in Southern Europe and Latin America.

It should be noted that the Cox group has just acquired the assets of the multinational Abengoa as part of the bankruptcy of the infrastructure firm.