EiDF soars 31% in its debut on BME Growth and reaches 75 million

Energy, Innovation and Photovoltaic Development (EiDF Solar) debuted this Wednesday on the BME Growth stock market with a rise of 30.9%, raising its price up to 5.5 euros per share and its capitalization up to almost 75 million euros. The company, specialized in photovoltaic solar energy installations, is the fifth to enter this market so far this year and set a reference price of 4.20 euros, which initially placed its valuation at 57 million euros.

The ringing of the bell, held at the Madrid Stock Exchange, was carried out by Fernando Romero, CEO of the company, who has been accompanied by Jesus González Nieto-Márquez, Managing Director of BME Growth. The event was held with all security measures due to the sanitary restrictions imposed by COVID-19.

“We celebrate the incorporation of EiDF into BME Growth. From now on, the company will have a new financing channel for its projects, while this market will have a new representative of the thriving renewable energy sector, in which investors show great interest, “said Jesús González Nieto-Márquez, managing director of BME Growth.

BMW building.

EiDF Solar is a national engineering and installation company that offers a comprehensive service in photovoltaic energy self-consumption, assuming internally all phases of the project. Created with the aim of helping its clients to reduce energy cost in its business activity through the use of photovoltaic solar energy.

BME Growth is a market oriented to companies of low capitalization looking to expand, with a tailored regulation, specifically designed for them and costs and processes adapted to their characteristics. The platform allows growing small and medium-sized companies to access capital markets, according to its website.

Source: LA INFORMACIÓN – Lo último by www.lainformacion.com.

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