Musk promotes Solaria to lead the most bullish companies on the Ibex in 2022

The renewable energy sector in Spain gained momentum on the stock market once again, with seven companies in the industry among the top ten gains on the day. Only in yesterday’s session and they experienced significant advances, of 6.8% and 6.3% respectively, and became the most bullish firms on the Ibex 35 on the day. The trigger: , in which he advocates that Spain build a solar array that can provide energy to all of Europe.

Despite the fact that the rises of both energy companies were very noticeable, their behavior on the stock market during this 2022 is far from each other. Siemens Gamesa was one of the stocks that benefited the most during the first weeks of the conflict between Russia and Ukraine. In just the first five days of the confrontation, its price rose by just over 27%, but since February 28 it has plummeted by 18% and lost 19% in 2022.

On the other side of the deck is Solaria, who is having a very sweet 2022. Currently, the price of the energy company stands at levels of February 2021 and reaches annual highs. Yesterday’s rise of more than 6% propelled it from fourth to first place and managed to unseat CaixaBank as the most bullish on the Ibex in 2022. Solaria has already achieved an advance of 31.4% this year. He had not envisioned an equal record since 2018, when on the same date it advanced more than 106%.

Undoubtedly, renewable energies have been the sector that has best exploited the circumstances of the confrontation between Russia and Ukraine. Since Putin decided to start the siege of Ukraine in the early hours of February 24, Solaria has boosted its stock market value by 72%.

“The energy crisis that we have worldwide and that has been complicated by the war in Ukraine has caused renewable energy companies to be the great favored in recent weeks, thanks to the energy transition that is increasing the bets of the West in this type of clean energy as a substitute for oil and gas, where Europe continues to have a great dependence on Russia”, reports IG analyst Sergio Ávila.

In fact, at the beginning of March, during this year, based on the acceleration of the adoption of renewable fuels to replace gas, which explains the excellent behavior of renewable companies such as Solaria.

Only in . The raw material rose more than 223% on the stock market to record highs.