EAM Solar ASA ( (DE:EA2) ) just unveiled an announcement.
EAM Solar ASA has undergone organizational changes with the appointment of Erik B Reisenfeld as the new CEO following the termination of a management agreement. The company faced a challenging year with a 16% reduction in power production due to thefts affecting PV modules, resulting in a negative EBITDA of EUR 1.4 million for the full year. Legal proceedings have further impacted the financials, with a court order to pay EUR 4.4 million to UBI Leasing and an enforceable arbitration award of EUR 3.4 million payable by Aveleos. The company plans to appeal the court decision and is awaiting a Supreme Court hearing in March 2025.
More about EAM Solar ASA
YTD Price Performance: 105.00%
Average Trading Volume: 2,083
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €5.97M
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