Solaria Energia y Medio Ambiente SA (AOR.BE)

Solaria sees higher energy prices later this year, shares rise

Spanish solar panel maker Solaria said on Monday it expected energy prices to recover over the year, which would help the firm reach its 2024 profitability target. Solaria shares rose as much as 6% before paring gains to trade around 5.2% higher at closing. Lower energy prices and higher interest rates are weighing on solar panel manufacturers' profits after they benefited from higher power prices in the last two years.