The market capitalisation of renewable energy company 1414 Degrees rose to $5 million this week, with huge interest in the company’s shares on Friday more than tripling its value.
1414 Degrees rose 272.73 per cent in the trading week to close at $0.082 per share on Friday afternoon.
It was such a jump that the ASX queried the “significant increase in the volume of 14D’s securities traded today”.
The company said it was not aware of any information that had not yet been released to the market.
However, it said that the Climate Change Authority’s new recommendation for Australia to set a 2035 target to reduce the nation’s greenhouse gas emissions by 62-70 per cent might “attract industry participants seeking to meet the new targets”.
1414 Degrees has a product called ‘SiBrick’, which it calls an “emissions reduction platform enabler for hydrogen, energy storage, and industrial heat”.
Earlier that morning, the company said it was progressing to mass production of SiBrick, with two types being put forward.
One enables low-cost hydrogen production using methane pyrolysis, 1414 Degrees said, while the other is designed for use in ultra-high temperature industrial applications such as alumina calcination and cement production.
Also in the Winners was Andromeda Metals, which rose by 62.50 per cent – its strongest volume week since May 2025.
Santos neared the top of the Losers list – falling 10.80 per cent – after a multibillion-dollar takeover was abandoned by its Abu Dhabi suitor.
ADNOC’s foreign investment arm XRG alongside Abu Dhabi sovereign fund ADQ and private equity firm Carlyle, will not make a binding offer for Santos, XRG said in a statement on Wednesday night last week, capping a months-long takeover saga.
The company’s shares closed on Friday down 10.80 per cent, leaving the company with a market capitalisation of $21.9 billion. It remains by far the largest South Australian company.
The full list of Winners and Losers for the week ended 19 September:
Data via Baker Young Limited analysts.
