The latest announcement is out from Ellomay ( (IL:ELLO) ).
Ellomay Capital Ltd. announced the publication of financial results for Dorad Energy Ltd. for the year ended December 31, 2024. The financial statements reveal Dorad’s revenues of approximately NIS 2,863.8 million and an operating profit of approximately NIS 620.3 million. The results are influenced by seasonal demand and changes in tariffs. Additionally, Dorad received a significant payment from an arbitration ruling, boosting its net profit. The ongoing war situation in Israel is noted to have an impact on Dorad’s operations, though the short-term effects are considered immaterial.
More about Ellomay
Ellomay Capital Ltd. is an Israeli-based company focused on the renewable energy and power sectors, with operations in Europe, the USA, and Israel. It has invested in solar power plants in Spain and Italy, anaerobic digestion plants in the Netherlands, and is involved in various energy projects including a pumped storage hydro power plant in Israel and solar projects in Texas, USA.
YTD Price Performance: -7.65%
Average Trading Volume: 3,850
Technical Sentiment Signal: Buy
Current Market Cap: $194M
For detailed information about ELLO stock, go to TipRanks’ Stock Analysis page.