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It was a quiet month in July for our stock portfolio. Some of the prevalent themes in June carried over into July, including the war in Ukraine, the lockdowns in China, high energy prices, and inflation. There has been plenty of speculation on the course of interest rate rises and where peak inflation might occur. Worries also mounted around the prospects for a global recession in the second half of the year.
Kempower Oyj went public last December 14th, 2021 on the Nasdaq Helsinki First North market. The IPO price was €5.74 and on April 21st, 2022 the stock closed near all time highs at €12.814 with a market cap of €712 million. But this tightly held gem has further to go – its future is electrifying. Why? The success of its strong industrial parent Kemppi Group. Kempower Oyj is the leading rapid EV charging technology provider.
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