Matt Atlas

Photon Energy Makes Debut On Regulated Market Of Prague Stock Exchange

The international solar company with Czech roots Photon Energy NV has entered Prague and Warsaw’s regulated markets on the stock exchanges. The shares have been trading since this morning. The company has been traded on the unregulated markets of both exchanges – NewConnect in Warsaw and Free Market in Prague. The company’s shares will continue to be traded under the symbol PEN.

“The transition to major markets is a crucial step in improving trading liquidity and provides a platform for institutional investors and their participation in the global transition to renewable energy and the development of clean water solutions. We have 12 years of experience in this sector and are pleased to continue the dynamic growth of both our company and the entire renewable energy sector, along with our new water business line, “said Georg Hotar, CEO of Photon Energy.

The company reminded that the Prague Stock Exchange is the largest and oldest organizer of the Czech Republic securities market. The Warsaw Stock Exchange is the largest stock exchange in Central and Eastern Europe and organizes trading on one of the fastest-growing capital markets in Europe, the company said.

“We are pleased to welcome Photon Energy, the first renewable energy issuer listed on our regulated market, to the Prague Stock Exchange. The listing will enable Photon Energy to accelerate its growth strategy and gain visibility in the financial community in the Czech Republic and around the world,” Petr Koblic, CEO of the Prague Stock Exchange, said.

Photon Energy stated that its authorization to list and trade its shares on these regulated markets is based on the recent approval of the company’s securities prospectus by the Dutch regulator Autoriteit Financiële Markten the transfer of shares from the unregulated NewConnect and Free Market stock markets. The transition to the main stock exchange markets does not involve the issue of new shares.

Photon Energy was founded in 2008 in Prague and is currently based in Amsterdam. It is listed on the stock exchanges in Warsaw, Prague, and Munich. The company has other offices in the Czech Republic, Slovakia, Hungary, Romania, Poland, Switzerland, and Australia. The company has built photovoltaic power plants with more than 100 megawatts (MW) in Europe and Australia. The company entered the alternative market of the Prague Stock Exchange in 2016.

The subsidiary Photon Energy Operations provides operation, service, and monitoring of photovoltaic power plants with an output of more than 300 MW, over 130 MW in the Czech Republic. Also, Photon Energy manages its own 74.7 MW power plants. Photon Energy also provides water treatment solutions worldwide.

The installed capacity of solar power plants installed in the Czech Republic has been stagnant or growing only slightly since 2012. According to data from the Energy Regulatory Office, at the end of last year’s first half of the year, about 2,050 MW sources that produce energy from the sun were installed in the Czech Republic. During the so-called solar boom, the installed volume of solar power plants in the Czech Republic more than quadrupled per year, from 465 MW at the end of 2009 to 1959 MW in 2010.