Insights

Why the 1414 Degrees (ASX:14D) share price just reached a 52-week high?

The 1414 Degrees share price is soaring today as the company released a favourable case study. We take a closer look.
The post Why the 1414 Degrees (ASX:14D) share price just reached a 52-week high? appeared first on The Motley Fool Australia. –

Colourful explosion to symbolise ASX share price growth

The 1414 Degrees Ltd (ASX: 14D) share price touched a 52-week high today after a positive update on the company’s Aurora business case study.

Shares in the green energy company reached as high as 23.5 cents in early afternoon trade, but have since retreated to 20 cents, up 8.33% at the time of writing.

What 1414 Degrees does

1414 Degrees designs and develops thermal energy storage systems. The company primarily focuses on making large scale energy storage for networks and industries. It claims that its solutions fill a critical gap in energy storage.

Its technology includes a process that utilises silicon’s high melting point of 1414 degrees, enabling it to hold more energy than other materials. Thus its system holds energy created from renewables, and supplies both heat and electricity to its customers.

What happened today?

The company announced that its Aurora business case study has projected up to $60 million in annual net revenues.

The case study compared 1414 Degree’s Thermal Energy Storage System (TESS) with the National Electricity Market (NEM). The results were hugely positive as it found that operating TESS over NEM would provide roughly $20-30 million more in revenue.

To this end, the TESS system generated between $45-60 million in revenue, with the net earnings including the plant operating costs.

Moreover, the study indicated that the company’s system was increasingly favourable with energy storage. TESS is able to profit from both low and high price markets due in part to its flexibility at being able to use energy from the grid or solar panels when being charged.

It is worth noting that the larger 1GWh TESS is not scheduled until 2028 when pricing is more favourable.

About the 1414 Degrees share price

The 1414 Degrees share price has fallen 11.3% since the start of 2020. In comparison, the All Ordinaries Index (ASX: XAO) is up 1% for the year.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the 1414 Degrees (ASX:14D) share price just reached a 52-week high? appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!