Gamesa’s diving share price is causing a stir across the internet. The European renewable energy company had seen its share price double over the past year, only for it to begin to fall in mid August, due to competition from China.
Take a look at how this has played out on social media:
Negative mentions online have drastically increased for Gamesa, sometimes making up more than half the total mentions for a particular day, such as September 10 and 18.
The majority of these negative mentions have revolved around news articles lamenting the state of Gamesa’s stocks and the Spanish market more generally.
As you can see, conversations around Gamesa are dominated by discussions of Ibex, the official profile of the Spanish market. Abengoa, a rival company who also develop new energy technologies, also features frequently, along with “valorise”, “value” in English, showing that the discussion is mostly revolved around Gamesa’s price on the market.
However, Abengoa has not been faring particularly well online itself, as it struggles to sell off its loans even at a 60% discount.
Both Abengoa and Gamesa are involved in conversations with a significant quantity of negative sentiment, at 25.5% and 26.6% respectively. This is several times their respective positive mentions online, at just 3.7% and 7.7% each.