Aggreko, a British-based multinational company that provides temporary power generation, temperature control, and oil-free compressed air services, has become a major player in the industrial and commercial sectors. The company has a long and successful history, with its share price having grown steadily over the past few decades. In this article, we'll explore Aggreko's share price history, and take a look at its past performance to help predict what may be in store for the company in the future.
Aggreko's Early Years
Aggreko was founded in 1962 by two Scottish entrepreneurs, Ben Gautrey and Bill Whalley. The company began as a small business providing temporary generators for emergency repairs and other short-term needs. As the company grew, it expanded its services to include temperature control, oil-free compressed air, and other services. By the late 1980s, Aggreko had become a major player in the industrial and commercial sectors, and its share price had begun to rise.
During the 1990s and early 2000s, Aggreko's share price continued to climb steadily, as the company diversified its products and services and established a presence in different markets around the world. The company also expanded its operations to include the development of renewable energy technologies, such as wind power, solar power, and biomass. By the mid-2000s, Aggreko had become a global leader in the industrial and commercial sectors, and its share price had reached new heights.
Aggreko's Recent Performance
Since the mid-2000s, Aggreko's share price has experienced a roller-coaster ride, as the company has faced a number of challenges. In 2016, the company reported a steep drop in profits, and its share price fell to its lowest level since 2011. Since then, however, the company has been making a steady recovery, and its share price has been steadily climbing in recent years.
In 2017, the company reported a return to profitability, and its share price rose to its highest level since 2011. The company also announced a major expansion of its services, including the acquisition of a major North American energy services provider. This move helped to further solidify Aggreko's position as a leader in the industrial and commercial sectors, and its share price has continued to climb since then.
What Does the Future Hold for Aggreko?
The future looks bright for Aggreko, as the company continues to expand its operations and diversify its products and services. With its strong presence in the industrial and commercial sectors, and its commitment to renewable energy technologies, Aggreko is well-positioned to continue its impressive growth and success in the years ahead. As such, its share price is likely to remain on an upward trajectory in the years to come.
Conclusion
Aggreko has a long and successful history, and its share price has steadily increased over the past few decades. The company has also made a strong recovery since 2016, and its share price has been steadily climbing in recent years. With its commitment to renewable energy technologies and its diversified portfolio of products and services, Aggreko is well-positioned to remain a major player in the industrial and commercial sectors, and its share price is likely to remain on an upward trajectory in the years to come.