Purchases from multiple insiders including Chairman
Strong Q1 update
Columbus Energy is a Polish renewable energy company that specialises in the development, installation, and maintenance of photovoltaic (PV) solar systems for single-family houses and commercial properties. It is listed on the Warsaw Stock Exchange and currently has a market capitalisation of PLN 1,376 million.
Columbus Energy shares have had a fantastic run over the last year, rising from under PLN 2 to PLN 35 – a gain of more than 1,900%. This strong run in the share price has been driven by some key deals that the company has completed over the last 12 months, as well as some very strong quarterly results. Most recently, Q1 results showed a 480% increase in revenue, along with a 740% increase in net profit.
Source: 2iQ Research
What stands out to us about Columbus Energy is that three insiders have recently purchased shares. Those buying have included Chairman Dawid Zielinski, as well as two members of the Supervisory Board, who all purchased CLC shares on 5 June. Combined, these insiders acquired 400,000 shares. In our view, this is a bullish signal. It suggests that these insiders are confident about the future and expect the stock to keep rising.