BeeIN makes its debut on the NewConnect market

BeeIN from the renewable energy sector made its debut on the NewConnect stock exchange. The debut was not very successful, the company's shares initially fell by 32 percent.

"The debut on the NewConnect market is a very important event for our company. It is a natural, next stage of our presence on the capital market," Michał Sochacki, CEO of BeeIn, said during the debut.

The company's flagship product is heat pumps. Their popularity will grow because they bring economic benefits, and they will also be favored by the de-Russification of the energy sector. Another promising area is solar farms. Ultimately, BeeIN wants to have farms with a total capacity of approx. 100 MW.

BeeIN closed the year 2021 with PLN 17.5 million in revenues, which means an increase by 202%. compared to 2020. The company had a net profit of PLN 1.2 million, which means an increase of 300%. per year.

(WNP)