A Study of the Impact of Solvency Indexes on Stock Price Volatility in the Energy Industry

In recent years, the energy industry has developed rapidly, opportunities and competition coexist in the industry, and energy stock price fluctuations are frequent. The article takes the listed enterprises in the energy industry in 2018-2023 as the research object, constructs the evaluation system of debt service indexes, and analyzes the relationship between debt service indexes and stock price volatility in the energy industry by using the fixed effect regression analysis method. The results found that: the gearing ratio and current ratio of energy enterprises are significantly positively correlated with their stock price volatility, and the nature of the enterprise is a new energy enterprise or a traditional energy enterprise, the correlation between their solvency index and stock price fluctuation also has a different strength. The stock price volatility of traditional energy enterprises is more affected by their solvency indexes, while that of new energy enterprises is comparatively less affected.