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A few laudatory statements by leveraged fund investor David Einhorn are enough to send the share price of the Brussels-based chemical giant up to 9 percent higher.

In the news: Solvay was the strongest riser within the Bel20 index this morning. Not because the chemical company went public, but because a well-known investor spoke in praise.

The details: Einhorn, the founder of the hedge fund Greenlight Capital, stated Wednesday at an investor conference in New York that Solvay looks cheap even when its share price doubles and is therefore a "top pick."

👉 "We think this dull business in essential chemicals will generate attractive, risk-adjusted returns for investors," he was quoted as saying by financial news service Bloomberg, which further sent its praise for Solvay out into the world.

Worth noting: Analysts who Solvay reacted somewhat surprised by the share price jump, as Einhorn told little news. But then, the investor is not the first, the best. The 55-year-old multimillionaire takes bold positions on American tech giants and made a name for himself during the financial crisis by being one of the first to point out the vulnerability of Wall Street bank Lehman Brothers.

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