Phoenix Solar
Encyclopedia
Phoenix Solar AG is a German photovoltaics company involved in the systems integration business. Specifically, the company designs, builds and operates large photovoltaic power plants and is a specialist wholesaler of photovoltaic system
s, solar modules and related equipment.
At the Annual General Meeting on May 25, 2007, the shareholders approved a change of name from "Phönix SonnenStrom AG" to "Phoenix Solar AG". Phoenix Solar AG has its headquarters at Sulzemoos
northwest of Munich, Germany and sales offices in Germany
, as well as subsidiaries in Italy
, Spain
, Greece
, Singapore
and Australia
.
Since November 18, 2004, the "Phoenix SonnenAktie" (shares of the company) have been traded on the OTC
stock exchanges in Munich
, Frankfurt
, Berlin
/ Bremen
and Stuttgart
.
With the start of share trading on the M: access exchange (the segment of the Munich Stock Exchange dedicated to small and mid-cap companies) on July 27, 2005, Phoenix Solar AG gained access to additional capital and a wider investing audience. On June 27th, 2006, the shares of Phoenix officially were listed and started trading on the Frankfurt Stock Exchange
(Prime Standard
). Since March 2008 Phoenix Solar shares are also a constituent of the TecDAX
stock market index.
Photovoltaic system
A photovoltaic system is a system which uses one or more solar panels to convert sunlight into electricity. It consists of multiple components, including the photovoltaic modules, mechanical and electrical connections and mountings and means of regulating and/or modifying the electrical...
s, solar modules and related equipment.
History
Phoenix Solar AG emerged out of an initiative of the "Bund der Energieverbraucher e.V" (English: "Cooperative of Energy Consumers"), which was originally started in 1994. The company was officially founded on November 18, 1999 and on January 7, 2000 it was entered into the commercial register of companies.At the Annual General Meeting on May 25, 2007, the shareholders approved a change of name from "Phönix SonnenStrom AG" to "Phoenix Solar AG". Phoenix Solar AG has its headquarters at Sulzemoos
Sulzemoos
Sulzemoos is a municipality in the district of Dachau in Bavaria in Germany....
northwest of Munich, Germany and sales offices in Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
, as well as subsidiaries in Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
, Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
Since November 18, 2004, the "Phoenix SonnenAktie" (shares of the company) have been traded on the OTC
Over-the-counter (finance)
Within the derivatives markets, many products are traded through exchanges. An exchange has the benefit of facilitating liquidity and also mitigates all credit risk concerning the default of a member of the exchange. Products traded on the exchange must be well standardised to transparent trading....
stock exchanges in Munich
Munich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
, Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
, Berlin
Berlin
Berlin is the capital city of Germany and is one of the 16 states of Germany. With a population of 3.45 million people, Berlin is Germany's largest city. It is the second most populous city proper and the seventh most populous urban area in the European Union...
/ Bremen
Bremen
The City Municipality of Bremen is a Hanseatic city in northwestern Germany. A commercial and industrial city with a major port on the river Weser, Bremen is part of the Bremen-Oldenburg metropolitan area . Bremen is the second most populous city in North Germany and tenth in Germany.Bremen is...
and Stuttgart
Stuttgart
Stuttgart is the capital of the state of Baden-Württemberg in southern Germany. The sixth-largest city in Germany, Stuttgart has a population of 600,038 while the metropolitan area has a population of 5.3 million ....
.
With the start of share trading on the M: access exchange (the segment of the Munich Stock Exchange dedicated to small and mid-cap companies) on July 27, 2005, Phoenix Solar AG gained access to additional capital and a wider investing audience. On June 27th, 2006, the shares of Phoenix officially were listed and started trading on the Frankfurt Stock Exchange
Frankfurt Stock Exchange
The Frankfurt Stock Exchange is the world's 12th largest stock exchange by market capitalization. Located in Frankfurt am Main, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and the clearing company...
(Prime Standard
Prime Standard
Prime Standard is a market segment of the Frankfurt Stock Exchange that lists German companies which comply with international transparency standards. The requirements are higher than in General Standard which is regulated by law...
). Since March 2008 Phoenix Solar shares are also a constituent of the TecDAX
TecDAX
The TecDAX stock index tracks the performance of the 30 largest German companies from the technology sector. In terms of order book turnover and market capitalization the companies rank below those included in the DAX.The TecDax was introduced on 24 March 2003...
stock market index.