Alerion CleanPower (IT:ARN) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Alerion Clean Power has entered an equal joint venture with Alperia to develop and manage wind power plants in Puglia, with a total capacity of 120 MW. As part of this partnership, Alerion sold a 50% stake in Naonis Wind S.r.l. for €49.7 million, along with 50% of shareholder loan credits for €13.4 million. This deal supports Alerion’s strategy to expand its wind energy portfolio in Italy and abroad.
For further insights into IT:ARN stock, check out TipRanks’ Stock Analysis page.