Solaria gains 12% in two days on soaring volume
The year 2020 already predicted an increasing upward slope for the renewable energy sector, which will continue into the new year. For experts, renewable energies are the sector with the greatest potential to advance on the stock exchange. Last year, investor appetite left an accumulated profitability of 247.6% in Solaria shares; one of the pioneers in Spain in terms of renewable energies. In addition, it has started the year on the right foot. It is up 12.44% in the two sessions so far in 2021; and has become the most bullish stock on the Ibex, ahead of Pharma Mar and Repsol.
In fact, Solaria has led the rises in the index, with a rise of 8.4% and has settled at 26.58 euros per share. 26.58 per share, a new all-time high. Another data that reflects the investors' interest in the stock is that this Tuesday it has been one of the 10 most traded stocks in the whole Ibex, ahead of companies such as IAG.
It has moved almost 42 million euros, triple the average of the last 6 months, according to Bloomberg data. The increase in trading was precisely what opened the doors for it to enter the Ibex last year.
However, analysts value Solaria well below its current price. The consensus, as reported by Bloomberg, sets an average target price of 18.80 euros compared to the 26 euros that the company's shares currently have. The last investment banks to update their valuation in December were also far behind. The most optimistic, GVC Gaesco, placed it at 22 euros. In November, Goldman set the highest target price so far, at 24 euros.
Following the sharp rise, 40% of the analysts following the company recommend buying its shares. While 20% advises holding the shares in the portfolio and another 40% is in favor of selling.
