Ellomay (ELLO) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Ellomay Capital Ltd., a renewable energy company, announced the sale of Investment Tax Credits worth approximately $19 million from its Texas solar projects, leveraging the Inflation Reduction Act. This strategic move, expected to complete by Q2 2025, will allow Ellomay to retain full operating profits while meeting customary indemnification obligations. The CEO highlighted the transaction as a significant step in expanding the company’s U.S. solar portfolio while maintaining financial benefits.
For further insights into ELLO stock, check out TipRanks’ Stock Analysis page.
