There was almost a month earlier sell off before the market was informed of the French Government directive to sell energy at a lose to consumers.
There is, in several months, an upcoming Federal election in France. The energy discount to consumers is said to cost €8.8 billion to the company is in loses vs. Spot price.
Another way to think of the Price Action.
1- Early insiders sold of the stock before the rest of the market was made aware.
Another way to thing of the subsidy
2- The €8.8 billion in subsidies is money being used to support Macron's re-election campaign, which would be about 8x bigger than Clinton's entire campaign funding in 2016.
There is, in several months, an upcoming Federal election in France. The energy discount to consumers is said to cost €8.8 billion to the company is in loses vs. Spot price.
Another way to think of the Price Action.
1- Early insiders sold of the stock before the rest of the market was made aware.
Another way to thing of the subsidy
2- The €8.8 billion in subsidies is money being used to support Macron's re-election campaign, which would be about 8x bigger than Clinton's entire campaign funding in 2016.
Comment:
France was Europe’s biggest net exporter of power in the second half of last year, sending the equivalent of 10% of its demand abroad, according to industry consultant Enappsys Ltd. Less nuclear output in 2022 will probably cut exports to nations from Germany and the U.K., increasing their exposure to high gas and coal prices for its power plants.
It is also came at at time when many stock market fell, when news of the new Omicron variant hit headlines globally.