EnergyWatch

Swedish wind developer slides after listing

OX2's share price dipped on its first trading day.

Photo: PR / OX2 / Joakim Lagercrantz

Sweden's OX2, which develops and sells wind and solar farms, saw its share price slide by 6.3 percent on the first day of trading on the First North Exchange in Stockholm.

The company has sold 72.9 million shares priced at SEK 60 apiece, resulting in a total equity sale worth SEK 4.4bn (EUR 438m) and a market value of SEK 16.4bn.

After the listing, OX2 has more than 25,000 shareholders.

Over these last 16 months, OX2 has developed and sold projects with a combined capacity of around 2.5 GW in Sweden, Finland, Poland and Norway.

2020 sales totaled to SEK 5.2bn, off of which the company booked an operating result of SEK 416m.

English Edit: Daniel Frank Christensen

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