Tauron is breaking records on the stock exchange. This is how much the state giant is worth
Friday's session on the Warsaw Stock Exchange is not spectacular. Overall, the main indices are close to the levels recorded the day before. However, there are exceptions. Such A positive example is the state-owned Tauron, whose shares increased in price by over 4% in the second part of the day.
One of the leading energy companies on Friday For the first time in history, it can boast a share price exceeding PLN 10. This gives the market valuation of Tauron's entire business at the same level less than PLN 18 billion. This result places it among the bottom ten companies with the largest capitalization on the WSE.
Tauron itself boasted a record-breaking and round share price, reminding that The company has not had such a high valuation since its stock exchange debut in June 2010.
Tauron records on the stock exchange. How does he explain this?
“The impressive increase in market value in such a short time is the result of the systematic work of the management board, supervisory board and all employees of the Tauron Group,” the company argues in a statement.
She recalls that over the last year she presented new development strategy, obtained record financing from the National Reconstruction Plan for the implementation of its assumptions in the “distribution” segment in the amount of over PLN 16 billion and has prepared a number of innovative solutions for 6 million customers.
See also: The digitization of the energy industry is gaining momentum. Tauron will replace 2.3 million meters
He points out that the stable financial situation and actions taken by the group in recent weeks were also appreciated by the rating agency Fitch, changing the rating outlook for the company from stable to positive.
Tauron's president, Grzegorz Lot, comments on the stock exchange records
“Exceeding the level of PLN 10 per share means over A 160% increase since the beginning of the year, when the share price was PLN 3.80. However, since our management board started working in March 2024, the share price has increased by 230%.” – commented Grzegorz Lot, president of Tauron.
“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.” – said Grzegorz Lot.
See also: Tauron on the way to climate neutrality. What does the future of energy in Poland look like?
