WACKER Stock in 2020

After getting off to a good start in 2020, stock markets around the world suffered massive declines due to the coronavirus pandemic. In just a few weeks, trillions of dollars in market capitalization were wiped out. Share prices recovered again early in the second quarter, supported by government aid packages and major central banks’ emergency measures. As the pandemic-induced restrictions gradually eased, the economy picked up again at the start of the third quarter. That had a positive impact on share prices worldwide. Additionally, WACKER stock benefited from improvements in the demand and earnings situation for solar-grade polysilicon and from a pick-up in demand at our chemical divisions, especially in the construction industry.

While Germany’s DAX and MDAX indices gained 4 and 9 percent respectively in 2020, WACKER’s share price grew 73 percent over the same period.

As the year started, WACKER stock stood at €67.64 (year-end closing price on Dec. 30, 2019). Its reporting-period low of €33.03 was on March 19 when WACKER presented its final 2019 figures and issued guidance for 2020, detailing the company’s operating risks for the rest of the year. After a marked sales decline in April through June, sales started picking up again early in the third quarter, a trend reflected in the stock price.

On September 3, 2020, Deutsche Börse announced in its quarterly review of the composition of the DAX, MDAX, SDAX and TECDAX indices that WACKER stock would exit the SDAX and return to the MDAX effective September 21, 2020.

WACKER stock continued recovering through to the end of the year, responding with price gains to a variety of positive news items from the business divisions, such as the production of Covid-19 vaccines for CureVac, a biopharmaceutical company. Capital markets also reacted positively to WACKER’s strategic decision to divest its remaining stake in Siltronic AG. WACKER stock reached its year-high of €118.05 on December 17, 2020. It closed 2020 at €116.75 on December 30.