Finance

Solaria has lost everything it earned in 2022, is the ‘renewable effect’ exhausted?

Solaria has lost everything it earned in 2022, is the ‘renewable effect’ exhausted?

With the falls that we are seeing this Wednesday in the middle of the session, Solaria already loses 1.55% in the accumulated of the year. At this time, around 11:00 Spanish time, Solaria loses 2.73% to 16.7350 euros, within a IBEX 35 which yields 1.67% to 7,321 points.

It should be noted from Solaria that it is not the only one in the sector that registers losses. Audax, Soltec Y Ecoener have also lost ground strongly and Activate Renewable Energies holds up better, but has also been losing positions. According to Franco Macchiavelli, it is now essential to monitor the technical behavior of Solaria, which is breaking supports. Furthermore, in the case of Solaria, the market did not welcome its latest accounts and, above all, its most negative guidelines for the year.

Solaria
Solaria

The market fears now that the value can go to annual minimums. โ€œAfter the increase in volatility, translated into wide swings and false signals of resistance and support breakouts, the price directly attacks the viability of the area of โ€‹โ€‹previous resistance, now support, of โ‚ฌ18.65 / โ‚ฌ17.99 per share and, whose perforation, would enable an update of next bearish objectives towards the projected support area from the โ‚ฌ13.06 / โ‚ฌ12.075 per shareโ€, as indicated by the Investment Strategies analyst, Josรฉ Antonio Gonzรกlez.

In any case, the consensus maintains a hold advice for the stock and gives it a target price of 21.17 euros, which gives it a potential of 25.8% compared to current prices.

Check here the technical indicators of all the values โ€‹โ€‹of the Ibexincluded Solariaand access up-to-date trading strategies and analysis of indices and securities in our premium area.

READ ALSO :   The international community is failing the Uyghurs but change may be in the future

The Latest

To Top