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Grupo Ecoener SAU ( (ES:ENER) ) has provided an announcement.
Ecoener has reported a 28% increase in sales, reaching 82 million euros, and a 30% rise in EBITDA to 42.1 million euros for 2024. The company is expanding its operations with new projects in Europe and Latin America, aiming to reach 1 GW in operation or construction by the end of the year. Ecoener is also enhancing its energy storage capabilities with new projects in Gran Canaria and the Dominican Republic, supported by a Dark Green sustainability rating from S&P. This growth strategy is expected to significantly alter the company’s scale and market positioning.
More about Grupo Ecoener SAU
Ecoener is a multinational renewable energy company that focuses on the generation and storage of renewable energy. It operates primarily in Latin America and Europe, with a significant portion of its revenues coming from long-term sale agreements and the regulated market, ensuring stability against price fluctuations.
YTD Price Performance: 11.11%
Average Trading Volume: 273
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €281.9M
Learn more about ENER stock on TipRanks’ Stock Analysis page.