Let's get to know the fallen star of the Warsaw Stock Exchange.
WSE: NVG
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Some time ago, I came across an article with a headline saying how badly things are going in the Polish photovoltaic industry. Not too long ago, darlings of the market, where a rocket emoji was added to practically every company's name, are now hated companies. Some of them are diversifying their operations, focusing on large-scale energy storage projects. Columbus Energy reporting decreased revenues and a net loss in the first half of 2023. Other PV companies, including ML System and Grodno, also face challenges. The PV market for individual consumers has slowed, with over 90% of firms leaving or transitioning. Experts suggest the market is stabilizing after a boom in 2020-21, emphasizing the importance of steady development and integration with other technologies.
So I looked at the list of companies operating in the PV industry and started searching for good investment opportunities. That's when I began analyzing