Solar company plunges into stock market rally

Solar company plunges into stock market rally

-We are not satisfied with the results. The market remains challenging, with low demand, deep discounts and high inventories, sums up CEO Freddy Subin.

Kongsberg Collection It was rewarded with a 4.3 percent increase after strong third-quarter numbers.

Aside from the high results of the season Hoegh Autoliners More than 4.3 percent after DNB Markets, ABG Sundal Collier and Fearnley Securities raised their price targets and repeated buy recommendations.

Hydrogen company Hyun It has signed a non-binding “term sheet” with one of the interested parties, and aims to submit proposals for the deal by the end of 2023. The stock went from green to red during the trading day, at the time of writing, by 8.9 percent.

Among the winners we also find Borgstad, after the indirect subsidiary Höganäs Bjuf Fastighets AB entered into a conditional agreement with the municipality of Bjuv in Sweden regarding the sale/leaseback of two properties where the Borgestad factory and other production facilities for refractory products are located. The stock rose 9.3 percent.

Autovo It fell 11.5 percent after SpareBank 1 Markets cut its price target from NOK 12 to NOK 3.50 and repeated its Neutral recommendation.

Agelex Yields 6.2 per cent to NOK 20.50 after raising NOK 220 million in a private placement at a price of NOK 21.50. This issuance came after the company’s subsidiary, Cyclyx, which specializes in raw materials, concluded an investment agreement worth $135 million with ExxonMobil and LyondellBasell. Together, the two companies will own 50 percent, while Agilyx will own the remaining 50 percent.

See also  Land rent tax, agriculture | Nordea Top breaks down the salmon proposal: - They may end up with a tax of over 100 percent

High oil prices

Oil prices rose on Friday following reports on Thursday that the United States struck Iranian-backed targets in Syria. This raises fears that the conflict between Israel and Hamas may escalate.

-It’s been a volatile week for oil prices as the war premium has moved back and forth. But concerns about demand will likely increase after that as US consumer savings run out and recession fears mount, Charu Chanana, market strategist at Saxo Capital Markets, tells Bloomberg.

December Brent crude was trading at $89.41 a barrel on Friday afternoon. Up 1.7 percent since midnight and rising from $88.51 per barrel. barrels when Oslo Borse closed on Thursday. West Texas Intermediate crude rose 1.7 percent to $84.62 per barrel.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

Leave a Reply

Your email address will not be published. Required fields are marked *