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NAP shares listed on Budapest Stock Exchange 

Green Energy

Image courtesy of Budapest Stock Exchange (BÉT)

Shares of alternative energy company NAP were listed on the Budapest Stock Exchange on Thursday, according to a report by state news wire MTI.

The shares were listed on the bourse's Xtend platform tailored to SMEs.

Prior to its listing NAP secured HUF 2.55 billion of financing in two private placements.

According to an announcement last week, the company's board of directors has proposed further capital increases to fund future growth. A general meeting on November 15 could decide on the proposal.

Since its founding in October 2020, the founders aimed to create a long-term dividend-paying investment target for a wide range of investors that focuses exclusively on green energy production and offers a new opportunity for investors with an ESG focus.

NAP currently has 30 solar power plants with a combined capacity of 15MW in its portfolio. The company is aiming to raise the combined capacity of their power generating assets to 100MW within two years through acquisitions.

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