The NASDAQ Closing Bell ceremony coincided with the 8th edition of Abengoa’s Annual Analyst and Investor Day, when the company meets the US investor community to provide an in-depth view of its businesses and strategic priorities. Investor Day this year is especially important since it the first since Abengoa listed in the US.
Abengoa listed on the NASDAQ stock market in the US in October 2013, when it successfully completed a €517 million capital increase of class B shares. The operation was part of Abengoa’s wider financial strategy to continue growing while simultaneously reducing its debt.
The US is Abengoa’s leading market in terms of sales, where it employs more than 4,000 people in 12 states and has annual growth of 17%. Abengoa is currently engaged in various ground-breaking projects in the country. These include Solana, the world’s largest solar plant using parabolic trough solar-thermal technology, based in the Arizona desert, which recently came into operation and has up to six hours of electricity storage; as well as one of the first commercial second-generation bioethanol plants, which it is constructing in Hugoton, Kansas, and which will come into operation later this year.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com)