(BFM Bourse) – OKwind hopes to find a place in the sun on the very promising solar tracker market in the face of soaring energy prices. Listed on the stock exchange last July on Euronext Growth, the Breton company has seen its price appreciate by more than 37% since its first steps on the stock market.
Soaring energy prices are a real problem for food, chemical and metallurgy industries. And this is where OKwind intends to play its cards right. Founded in 2009, the company manufactures and markets solar systems to follow the path of the sun like a sunflower. The solution deployed by the company is based on artificial intelligence algorithms. It thus enables users to make appropriate decisions in terms of energy production and consumption in real time.
A turnkey self-consumption solution
OKwind promises its customers up to 70% energy autonomy and up to 20% reduction in energy costs, with a return on investment of less than 10 years. In the current inflationary context, the company hopes to stand out by offering its customers a stable cost of electricity for 30 years, a period which corresponds to the production guarantee of the photovoltaic panels.
This system provides stable and linear energy production and energy autonomy 10 to 30% greater than that of a fixed installation. Above all, this technology is presented as a self-consumption solution allowing its customers to generate and consume their own renewable energy.
OKwind hopes to find a place in the sun on the very promising solar tracker market in the face of soaring energy prices. It is this strong argument that won over the Janzé chicken cooperative located near Rennes. The commercial agreement signed with OKwind will enable 63 operators of this cooperative to increase their energy autonomy and reduce their electricity bills.
The Janzé chicken cooperative has thus offered its members a group purchase of OKwind solutions to meet their energy needs while improving their carbon footprint. “Nearly 40% of the 170 members responded favorably to the proposal and will be equipped by November 2022 with smart solar trackers” indicates OKwind in its press release.
A title that has the wind in its sails
Since 2015, the company has generated dynamic growth of around 75% on average annually. Last year, the group saw its sales amount to 25.2 million euros, up 26% compared to 2020. To accelerate its deployment in France and internationally on the self-consumption, the company raised more than 20 million euros on the occasion of its IPO last July on Euronext Growth. The group hopes to increase its turnover to 35 million euros this year and to 175 million euros by 2026.
Perceived as a credible alternative in the face of soaring energy prices, the dossier has the wind in its sails on Euronext Growth. The OKwind share has had a brilliant summer with an increase of more than 37% since its IPO at 10.81 euros on July 6.
Sabrina Sadgui – ©2022 BFM Bourse
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