Solaria rises on positive H1 results

SOLARIA ENERGIA Y MEDIO AMBIENTE SA

01/10/2024 09:17

** Shares in Spanish solar developer Solaria  SLRS.MC  rise
4.3% after its half-year results, which an analysts says came
above expectations
    ** Solaria reports an H1 EBITDA of 84.3 million euros ($93.7
million), down 5% year on year
    ** Sabadell analyst says EBITDA and sales came ahead of the
broker's expectations, as lower energy prices were offset by
co's larger capacity and load factor 
    ** The broker also notes that solar module prices have been
falling and this is expected to continue, which would bring co's
capital expenditure lower
    ** The shares are on top of Madrid's IBEX 35 index  .IBEX 
which is broadly flat
    ** Including Tuesday's rise, the stock has dropped 35.7%
YTD​
    
  
($1 = 0.8996 euros)

 (Reporting by Joao Manuel Mauricio)
 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))