ABSTRACT
The armed conflict in Ukraine starting on February 24, 2022, has introduced constant confusion in the activities of business entities around the world. The leaders of many European countries are asking themselves where to get energy sources that could permanently replace fuel and coal previously imported from Russia? The aim of the article is to try to find ‘the balance’ between destabilization of the financial situation of companies from the energy sector listed on the NewConnect market and the sustainable development of enterprises consisting in the gradual replacement of fossil fuels with renewable energy sources. The author, by verifying research hypothesis, will try to evaluate the impact of joint stock companies listed on the NewConnect market producing renewable energy constituting the main core of sustainable development on the financial situation of units from the fuel and energy sector (also listed on the NewConnect market). The research method used in the presented article will be the econometric model.
