Welcome to our dedicated page for Ellomay Capital news (Ticker: ELLO), a resource for investors and traders seeking the latest updates and insights on Ellomay Capital stock.
Ellomay Capital Ltd. (NYSE American: ELLO, TASE: ELLO) is an Israeli public company focused on renewable energy and infrastructure sectors worldwide. Established in 2009, Ellomay Capital has a diverse portfolio spanning solar, wind, and hydro power projects across Europe, Israel, and the USA, making it a prominent player in the utility sector.
The company operates through several key segments:
- Photovoltaic (PV) Plants: Ellomay owns and manages numerous photovoltaic plants, notably in Spain and Italy. The Talasol project in Spain, with a 300 MW capacity, and Ellomay Solar projects in Italy are major contributors to their portfolio.
- Dorad Energy Ltd. (Dorad): Ellomay holds an indirect 9.4% stake in Dorad, one of Israel’s largest private power plants, which significantly boosts the company's revenue stream through its electricity generation capabilities.
- Groen Gas Goor B.V.: Ellomay's ventures into biogas include multiple anaerobic digestion plants in the Netherlands, enhancing its clean energy footprint through the production of green gas.
- Pumped Storage Hydro Plant (Manara): The Manara project in Israel aims to develop a 156 MW hydroelectric power plant, demonstrating their commitment to innovative renewable energy solutions.
Ellomay Capital has shown resilience and adaptability in varying market conditions. The company's recent financial performance highlights a strategic approach to managing lower electricity prices in Spain by leveraging long-term power purchase agreements (PPAs). Despite a challenging market, Ellomay reported a stable EBITDA of €18.8 million for 2023, underscoring robust financial health.
Recent initiatives include expanding into the US market with solar projects in Texas and ongoing developments in Italy. The company is also engaged in significant projects like the Manara Pumped Storage Project and the expansion of PV and storage facilities in Israel, ensuring a sustained growth trajectory.
For further details, you can visit Ellomay's official website.
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Ellomay Capital announces the filing of the Annual Report on Form 20-F for 2023, highlighting its renewable energy projects in Europe, Israel, and the USA.
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Ellomay Capital reports its financial results for Q4 and year-end 2023, with total assets at €611.7 million. Revenues were €48.8 million for the year, down from €52.2 million in 2022. Loss for Q4 2023 was €9.8 million, compared to a profit of €2.5 million in Q4 2022.
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Ellomay Capital reports the publication of Dorad Energy 's financial statements for 2023. Dorad's revenues were approximately NIS 2,722.4 million with an operating profit of around NIS 438.9 million. The financial statements highlight the impact of the war in Israel on Dorad's operations.
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Ellomay Capital Ltd. announces significant milestone in its strategic business plan by executing agreements for the engineering, procurement, and construction of photovoltaic projects in Texas, USA. The projects mark a step forward in the Company's photovoltaic portfolio expansion in the US market, showcasing proactive and efficient construction timelines.
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Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) announced the sale of its holdings in the 9 MW solar facility located in Talmei Yosef, Israel to Greenlight Fund Limited Partnership and Doral Group Renewable Energy Resources Ltd. for NIS 44.75 million, with a potential additional payment of up to NIS 4 million. The sale is subject to various conditions, including regulatory approvals and the end of the war in southern Israel. The company will maintain the rights to two projects under development in the vicinity of the sold facility.
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Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) reported unaudited financial results for the three and nine month periods ended September 30, 2023. Total assets amounted to approximately €612.3 million. Revenues for the nine months ended September 30, 2023 were approximately €41.1 million. Profit for the nine months ended September 30, 2023 was approximately €10.4 million. EBITDA for the nine months ended September 30, 2023 was approximately €21.5 million.
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Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) reported the publication of Dorad Energy Ltd.'s financial statements for the three and nine months ended September 30, 2023. Dorad's unaudited revenues for the three months ended September 30, 2023 were approximately NIS 930.8 million, with an operating profit of approximately NIS 221.1 million. The demand for electricity by Dorad's customers is seasonal, with higher consumption and revenues during the summer and winter seasons. The financial statements include a note concerning the impact of the war in Israel, stating that the security situation resulted in a decrease in economic and business activity in Israel, but the events are not expected to have a material impact on Dorad's business results in the short term.
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Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) held its annual general meeting on December 11, 2023, where several proposals were adopted and approved by the required majority. The proposals included the reelection of directors, approval of terms of service for directors, grant of options to external directors, approval of compensation policy, and reappointment of independent auditors. For more details, refer to the Company's Notice and Proxy Statement submitted to the SEC on November 2, 2023.
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Ellomay Capital Ltd. will hold its annual general meeting of shareholders on December 11, 2023. The agenda includes the reelection of directors, approval of terms of service for directors, grant of options to directors, and approval of compensation policies. Shareholders of record as of November 7, 2023, will be entitled to vote.
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Ellomay Capital Ltd. reports unaudited financial results for the three and six month periods ended June 30, 2023.
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FAQ
What is the current stock price of Ellomay Capital (ELLO)?
The current stock price of Ellomay Capital (ELLO) is $14.2 as of November 15, 2024.
What is the market cap of Ellomay Capital (ELLO)?
The market cap of Ellomay Capital (ELLO) is approximately 182.5M.
What is Ellomay Capital Ltd.’s primary business focus?
Ellomay Capital Ltd. primarily focuses on renewable energy and infrastructure sectors, including photovoltaic power plants, biogas production, and pumped storage hydroelectric projects.
Where are Ellomay Capital's main operations located?
Ellomay Capital operates mainly in Europe, Israel, and the USA, with significant projects in Spain, Italy, and Texas.
What is the significance of the Dorad Energy segment?
The Dorad Energy segment is critical as it includes Ellomay's indirect 9.4% stake in one of Israel’s largest private power plants, significantly contributing to its revenue.
How has Ellomay Capital managed the fluctuation in electricity prices?
Ellomay Capital mitigates price fluctuations through long-term power purchase agreements (PPAs), ensuring stable revenue despite market variability.
What are Ellomay Capital's recent financial highlights?
For the year 2023, Ellomay Capital reported revenues of approximately €48.8 million, an EBITDA of €18.8 million, and a net profit of €0.6 million.
What major projects is Ellomay currently developing?
Ellomay is developing several key projects, including the Talasol PV plant in Spain, multiple PV projects in Italy, and the Manara Pumped Storage project in Israel.
Has Ellomay Capital expanded into new markets recently?
Yes, Ellomay Capital is expanding into the US market with new solar projects in Texas, including the Fairfield and Malakoff projects.
What is the status of the Manara Pumped Storage Project?
The Manara Pumped Storage Project is in advanced construction stages and is expected to be operational by the second half of 2026, generating significant annual revenues.
How does Ellomay Capital contribute to green energy?
Ellomay Capital invests in renewable energy projects such as photovoltaic plants, biogas production facilities, and hydroelectric power stations, promoting clean energy generation.
Where can I find more information about Ellomay Capital?
For more detailed information, you can visit Ellomay Capital's official website at http://www.ellomay.com.
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