Picture of SOLARIA ENERGIA Y MEDIO AMBIENTE SA logo

SLR SOLARIA ENERGIA Y MEDIO AMBIENTE SA News Story

0.000.00%
es flag iconLast trade - 00:00
UtilitiesSpeculativeLarge CapHigh Flyer

Solaria shares jump after 9-month results beat expectations

** Shares of Solaria SLRS.MC jump around 18% to their highest since early January 2024 after the Spanish renewable energy company's 9-month results came in ahead of expectations

** The company's EBITDA rose 75% year-on-year to 230.7 million euros, above the 198 million euro estimate in Bloomberg consensus, cited by Capital Markets

** Net income grew 97% year-on year to 141.7 million euros vs the 102 million euro estimate

** Capital Markets upgrades its rating on the company to "outperform", citing a positive sentiment after the 9-month results

** If gains hold, shares will see their best day since April 2018 and are on top of Madrid's IBEX 35 index .IBEX, which is broadly flat

 (Reporting by Gemma Guasch)

 ((Gemma.guasch@thomsonreuters.com))

Recent news on SOLARIA ENERGIA Y MEDIO AMBIENTE SA

See all news