In the News

Wind Firm OX2 Plunges Most Since IPO After First Quarterly Loss

Bloomberg, April 25

Shares in OX2 AB fell the most since listing three years ago after the Swedish wind firm reported its first ever quarterly loss. The company lost more than a fifth of its market value in early trading on Thursday. It posted an operating loss of 110 million kronor ($10.3 million) while analysts had expected a profit of 57 million kronor. OX2 develops and sells wind and solar farms, and its performance relies on a continuous divestment of projects that are sometimes years away from being built. It’s therefore not unusual for some quarters to over-perform and others to be worse than expected.