Solar AS (Denmark) Today
| SOLAR-B Stock | DKK 312.50 6.00 1.88% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Solar AS is trading at 312.50 as of the 24th of April 2024, a -1.88 percent decrease since the beginning of the trading day. The stock's open price was 318.5. Solar AS has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Solar AS are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Solar AS operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in the Danish, Swedish, Norwegian, and Dutch markets. The company was founded in 1919 and is based in Vejen, Denmark. The company has 6.4 M outstanding shares. More on Solar AS
Moving against Solar Stock
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Solar Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Solar AS's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Solar AS or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Electronics Distribution, Technology (View all Sectors) |
Solar AS (SOLAR-B) is traded on Copenhagen Exchange in Denmark and employs 3,019 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.74 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Solar AS's market, we take the total number of its shares issued and multiply it by Solar AS's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Solar AS operates under Technology sector and is part of Electronics Distribution industry. The entity has 6.4 M outstanding shares.
Solar AS has accumulated about 60 M in cash with 16 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.22.
Check Solar AS Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Solar AS is kr4.74 Billion. 30% of Solar AS outstanding shares are owned by institutional holders. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note, that even with substantial debt, if the true value of the company is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check Solar Ownership Details
Solar Stock Price Odds Analysis
What are Solar AS's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Solar AS jumping above the current price in 90 days from now is about 87.48%. The Solar AS probability density function shows the probability of Solar AS stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Solar AS has a beta of 0.2299. This usually implies as returns on the market go up, Solar AS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Solar AS will be expected to be much smaller as well. Additionally, solar AS has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Solar AS to move above the current price in 90 days from now is about 87.48 (This Solar AS probability density function shows the probability of Solar Stock to fall within a particular range of prices over 90 days) .
Solar AS Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Solar AS market risk premium is the additional return an investor will receive from holding Solar AS long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Solar AS. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Solar AS's alpha and beta are two of the key measurements used to evaluate Solar AS's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.63 | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.67 | |||
| Risk Adjusted Performance | (0.11) |
Solar Stock Against Markets
Picking the right benchmark for Solar AS stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Solar AS stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Solar AS is critical whether you are bullish or bearish towards Solar AS at a given time. Please also check how Solar AS's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Solar AS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Solar AS Corporate Management
Elected by the shareholders, the Solar AS's board of directors comprises two types of representatives: Solar AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solar. The board's role is to monitor Solar AS's management team and ensure that shareholders' interests are well served. Solar AS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Solar AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anders Odgaar | VP CIO | Profile | |
| Jan Fjellvr | VP Norway | Profile | |
| Jens Andersen | MD CEO | Profile | |
| Charlotte Krfting | Director Relations | Profile | |
| Dennis Callesen | Director Relations | Profile | |
| Anders Koppel | VP Sweden | Profile | |
| Dariusz Targosz | VP Poland | Profile |
How to buy Solar Stock?
Before investing in Solar AS, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Solar AS. To buy Solar AS stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Solar AS. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Solar AS stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Solar AS stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Solar AS stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Solar AS, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Solar AS?
The danger of trading Solar AS is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Solar AS is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Solar AS. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Solar AS is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solar AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Solar Stock analysis
When running Solar AS's price analysis, check to measure Solar AS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Solar AS is operating at the current time. Most of Solar AS's value examination focuses on studying past and present price action to predict the probability of Solar AS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar AS's price. Additionally, you may evaluate how the addition of Solar AS to your portfolios can decrease your overall portfolio volatility.
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