Agreement with Tadiran further boosts Apollo Power
Flexible solar film company Apollo Power s share price has soared by about 1,800% within a year.
The collaboration agreement announced by air conditioning company Tadiran Holdings (TASE: TDRN) with green energy company Apollo Power (TASE: APLP) puts the spotlight on the latter as an outstanding example of a hot trend in Tel Aviv of investment in young green-energy technology companies, even those with negligible revenue and heavy losses.
The case of Apollo Power is an extreme one. Its share price has shot up by about 1,800% within less than a year, bringing it to a market cap of no less than NIS 1 billion, all this thanks, apparently, to the potential that investors see in its business.