Iren stock performance on the stock exchange
In 2021, the world's major stock market indices reported an upward trend, thanks largely to actions to counter the spread of Covid-19 and the resulting expectations of economic recovery. These positive expectations were, moreover, supported by the Next Generation EU plan as well as by the expansive monetary policies of the major international central banks.
The year 2021 was characterised by high volatility in the energy scenario and higher than expected inflation rates. Both phenomena, which can be traced back to the development of the Covid emergency, had a negative impact on the markets, particularly in the last quarter.
In spite of this context and analysing the whole of 2021, the FTSE Italia All-Share (the main index of the Italian Stock Exchange) reported an increase of 23.7%, which reflects the expectations of recovery of the Italian economy, confirmed by the GDP trend.
The four multi-utilities reported an upturn in performance, benefiting from expectations of a positive impact of European and national plans for economic recovery and infrastructure development, in the highly important area of environmental sustainability, and the upward trend in energy prices.
At 30 December, the last trading day in 2021, the IREN share price stood at 2.654 euro per share, up by 24.8% compared to the price at the beginning of the year, with average trading volumes during the year amounting to approximately 1.88 million units. The average price in 2021 was 2.48 euro per share.
The maximum for the year, taking the daily closing prices as reference, was recorded on 10 November, equal to 2.88 euro per share; the minimum for the year, equal to 2.028 euro per share, was instead recorded on 21 January.
The two charts below show the Iren share price performance and volumes traded in 2021.
Share coverage
During the year, the Iren Group was followed by seven brokers: Equita, Exane (sponsored research), Intermonte, Intesa Sanpaolo, Kepler Cheuvreux, Mediobanca and Stifel.