From what 0 stock analysts predict, the share price for Ellomay Capital Ltd (ELLO) might decrease by 100% in the next year. This is based on a 12-month average estimation for ELLO. Price targets go from $ to $. The majority of stock analysts believe ELLO is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
ELLO is a stock in Utilities which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end ELLO is forecasted to be $ by from .
These are the latest 20 analyst ratings of ELLO.
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When did it IPO
1995
Staff Count
26
Country
Israel
Sector/Industry
Utilities/UtilitiesโRenewable
CEO
Mr. Ran Fridrich
Market Cap
$179.9M
In 2023, ELLO generated $48.8M in revenue, which was a decrease of -6.52% from the previous year. This can be seen as a signal that ELLO's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Ellomay Capital Ltd. reported unaudited financial results for the three and six months ending June 30, 2024. The company operates in renewable energy across Europe, Israel, and the USA.
Why It Matters - Ellomay's financial results can indicate its growth potential and operational efficiency in the renewable energy sector, influencing investor sentiment and stock performance.
Summary - Ellomay Capital Ltd. has secured an agreement to sell Investment Tax Credits for its solar projects in Texas, enhancing its U.S. growth strategy.
Why It Matters - Ellomay's successful sale of Investment Tax Credits boosts cash flow and financial stability, enhancing its growth potential in the renewable energy sector, attracting investor interest.
Summary - Ellomay Capital's subsidiary secured Project Finance for its 198 MW solar portfolio in Italy through a commitment letter with a European institutional investor.
Why It Matters - Ellomay Capital's progress in securing financing for its Italian solar portfolio signals growth potential, enhancing investor confidence and impact on stock performance.
Summary - Ellomay Capital Ltd. reported its 9.4% indirect stake in Dorad Energy Ltd. through its 50% ownership in Ellomay Luzon Energy. Financial statements for Dorad were published for the six months ended June 30, 2024.
Why It Matters - Ellomay's financial performance and indirect stake in Dorad Energy highlight its strategic position in the renewable sector, potentially influencing investor sentiment and stock valuation.
Summary - Ellomay Capital Ltd. announced the approval of multiple proposals at its annual general meeting on July 25, 2024, including those requiring a special majority.
Why It Matters - The approval of key proposals at Ellomay Capital's AGM signals strategic direction and governance changes, impacting investor confidence and potential future performance in renewable energy markets.
Summary - Ellomay Capital Ltd. reported its unaudited financial results for Q1 2024, focusing on renewable energy projects in Europe, Israel, and the USA.
Why It Matters - Ellomay's financial results may indicate growth or challenges in its renewable energy sector, influencing stock performance and investor confidence in the companyโs future.