Ellomay ( (IL:ELLO) ) has provided an update.
Ellomay Capital Ltd. has announced a land purchase agreement valued at NIS 220 million, a strategic move essential for the company’s growth and development in renewable energy projects. This acquisition marks a significant step for Ellomay in strengthening its position within the renewable energy industry, highlighting its commitment to expanding its operations and market presence.
More about Ellomay
Ellomay Capital Ltd. is a publicly traded company with a dual listing on the Tel Aviv Stock Exchange, focusing on the renewable energy sector.
YTD Price Performance: 3.43%
Average Trading Volume: 4,418
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $209.9M
See more data about ELLO stock on TipRanks’ Stock Analysis page.