Of money
consumption
Financial consumerism
Is the green energy painted red?
Four public companies have ridden the Corona wave with a technological vision to change the world of energy, and have since lost about NIS 1.37 billion of their aggregate value until the end of the first half of 2021. Now investors are trying to figure out if the peak is already behind them.
Tags
green energy
Alternative Energy
solar energy
stock
Good day Samia
Roast Greenberg
Wednesday, 14 July 2021, 16:53 Updated: Thursday, 15 July 2021, 17:01
Share on Facebook
Share on WhatsApp
Share on general
Share on general
Share on Twitter
Share on Email
0 comments
The technological vision for energy change has turned the four Israeli companies in the field, which were traded on the Tel Aviv Stock Exchange during the Corona period, into a rosy return for everyone who invested in them.
The dream was so rosy that Schwein jumped billions of shekels during the period, even though they did not show any income or profit that justifies it.
The increases in value were so high and rapid that at the beginning of the year five more companies with similar activities decided to start trading in Tel Aviv - and they are all currently traded at a value of hundreds of millions of shekels.
But never resilience: with the advent of vaccines and the beginning of the end of the corona closure period, the investment spotlight began to turn to other areas, and investors began to ask themselves whether corona peaks were likely to return at all.
More on Walla!
More money in the account: Where is the most profitable to open a savings plan?
To the full article
Oded Rosenberg, CEO of Apollo Power. This week it was announced that the company will set up a plant to produce solar sheets with an investment of more than NIS 80 million (Photo: Gain Media)
Apollo opens burners
We examined the performance of the shares of four energy technology companies traded on the Tel Aviv Stock Exchange during the Corona period until the end of the first half of 2021
, and found that despite the sharp declines some of them experienced since their peak reached the peak during the period.
Like the other energy companies, Apollo Power also jumped during the corona and reached a record value of about NIS 530.7 million on December 9, 2020. And soared to record value precisely after the corona.
The company's share has climbed about 190% since the peak value reached at the end of 2020, and continued to rise to its value at the end of the first half of 2021 - about NIS 1.77 billion. This is compared to a value of NIS 21.5 million that the company presented with the announcement of the start of the first closure in Israel in March 2020.
The increase is mainly attributed to positive reports from the company, such as its announcement from last Tuesday in which it will set up a manufacturing plant in Israel with an investment of NIS 81 million, following its announcement of the memorandum of principles it signed last March with Tadiran Solar. .
Since the beginning of the first closure in Israel, the company's share, which develops light and flexible solar sheets and is led by Maj. Gen. (Res.) Yom Tov Samia, has jumped 4617.81% by the end of the first half of 2021. The TA 125 index, for example, rose Period by about 43%.
Maj. Gen. Yom Tov Samia, Chairman of Apollo Power. The company he leads has opened burners (green of course) (Photo: Reuven Castro)
Trust from investors and car companies
Yom Tov Samia, Chairman of Apollo Power
: “Apollo Power focused on the development of solar panels and complied with each of its reports without reflection or appeal.
We invest heavily in R & D, and we have reduced considerably the gap between the carrier sheet of the solar flexible we develop and Panal solar disk and liver better known.
It should be noted that the company's staff continues to receive low wages relative to removal of finished products to the market at the commercial level, and we have become intoxicated metering network.
It is important for us to maintain the trust placed in us by investors and shareholders, just as important for us to maintain the trust placed in us by car companies like Audi and Renault-Nissan-Mitsubishi, transporting the energy shift to transport their vehicles, by using the roof of the vehicle and covers The engine as solar surfaces, along with the sheets we deploy in the water reservoirs, and the developments for sheets in the real estate world.
Avi Bernmiller, CEO of Bernmiller Energy (Photo: courtesy of the company's website)
The reason for the declines: high pricing
In contrast, the share of Bernmiller Energy, which develops technology for storing heat energy, has absorbed the highest rate of decline since reaching its peak value during the corona period - 54.66%.
Bernmiller's value has soared to about NIS 555 million since the State of Israel entered the first closure, but since that peak has fallen to about NIS 272.9 million as of the end of the first half of 2021. Rate of change in the company's share price since the first closure until the end of the first half of 2021 This, shows an increase of 163.17%.
The question of whether the companies' values will return to the peak level during the corona period has no real answer, as it is very difficult to predict the stock market in the post-Corona days.
And yet there are those who still try by virtue of their activities in the investment world: the investment managers we asked on the subject said, among other things, that the air coming out of energy technology stocks in recent months is not due to lack of energy activity, but high companies' pricing. And the profits they present.
The company that holds the highest return for investors since the beginning of the first closure in Israel until the end of the first half of 2021 is the energy storage company Ogwind, which works to store energy using compressed air.
The company's stock has soared by about 237.15% since the closure of the first corona until the end of the first half of 2021. The
company, which develops charging components for road vehicles, has lost about 36.55% of its peak value during the corona period, but is also still up 81.29 % Since the beginning of the first closure in Israel.
The table does not lie: Comparing the performance of energy shares on the Tel Aviv Stock Exchange (Photo: Walla! System, without credit)
The farther away the greener
This figure is particularly impressive since the Augwinde share has lost about 48.59% since the peak value it reached at the beginning of August 2020 - about NIS 2.5 billion.
At the end of the first half of 2021, its value was already about NIS 1.36 billion, after being cut by about NIS 1.1 billion since that peak.
But the company that lost the largest quantitative share was the "Smart Road" company Electric Wheels, which lost about NIS 1.23 billion of the peak value it reached in mid-October 2020, which stood at about NIS 3.1 billion.
At the end of the first half of 2021, it was already traded at a value of about NIS 1.9 billion.
We will not pretend to offer advice on investing in the companies surveyed, but a few key questions can still be asked: Is part of the price due to market expectations of a gradual transition to using green and advanced energy solutions, an expectation strengthened following the election of Joe Biden as US President and the United Nations' return to binding international agreements ?
Does the decline in most stock prices reflect an industry problem, or is it a reflection of the decline in expectations, given the volume of activity?
Recall that when it comes to technology stocks, there is always the risk that the solutions offered by one company will turn out to be less satisfying than another company, but it still seems that the search for technology that will enable more environmentally friendly energy has an unexpected demand decline in the future.
The full article will be published on Friday, July 16, in the "Business" issue of Maariv
Share on Facebook
Share on WhatsApp
Share on general
Share on general
Share on Twitter
Share on Email
0 comments