Tauron shares exceeded PLN 10. This is the highest level since the stock exchange debut

The price of Tauron shares at Friday's session exceeded PLN 10, which is the highest price since the company's stock exchange debut in June 2010. Since the beginning of this year. the share price increased by 160%. – said representatives of the energy company. The company's stock market valuation is approaching PLN 18 billion.

As representatives of Tauron wrote in a press release, the high increase in market value in such a short time is the result of “the systematic work of the management board, the supervisory board and all employees of the Tauron Group.”

The company's press service recalled that over the last year the company presented a new development strategy, obtained record financing from the National Reconstruction Plan in the amount of over PLN 16 billion and prepared a number of innovative solutions. The stable financial situation and the actions taken by the Group in recent weeks were also appreciated by the Fitch rating agency, changing the rating perspective for the company from stable to positive – noted Tauron representatives.

The president of Tauron Polska Energia, Grzegorz Lot, quoted in the announcement, pointed out that exceeding the level of PLN 10 per share means an increase of over 160% since the beginning of the year, when the share price was PLN 3.80. Since the start of work of the current management board – in March 2024 – the share price has already increased by 230 percent, which, in the president's opinion, is due to “the commitment and consistent implementation of the assumptions of the strategy presented at the end of last year.”

– We are extremely pleased that the company is rated very well from many perspectives – customers, shareholders, financing institutions and the rating agency. I believe that exceeding this symbolic level will be an impulse for further growth of interest in the company, both among institutional and individual investors. I also perceive this as a positive trend in relation to the entire energy sector, which is currently perceived as an attractive investment area in the context of the ongoing green transformation – concluded President Lot.

Tauron Polska Energia is a holding company managing a capital group operating in the field of energy generation, distribution and sale. The concern is one of the largest companies in the country – it is the largest electricity distributor in Poland and one of its leading producers and sellers. The Tauron Group includes, among others: Tauron Wytwarzanie, Tauron Dystrybucja, Tauron Sales, Tauron Obsługa Klienta, Tauron Ekoenergia and Tauron Ciepło. Since 2010, shares of Tauron Polska Energia SA have been listed on the Warsaw Stock Exchange, among others. in the WIG20 and WIG30 indices. (PAP)

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