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An update from Ellomay ( (IL:ELLO) ) is now available.
On March 27, 2026, Ellomay Capital completed a court-supervised separation process with partner Amos Luzon Development and Energy Group over their joint venture Ellomay Luzon Energy. The process led to the Luzon Group agreeing to buy Ellomay’s indirect stake in Ellomay Luzon Energy at a Dorad Energy valuation of NIS 4.4 billion, implying consideration of about NIS 560 million for Ellomay.
A share purchase agreement signed on March 27, 2026 sets closing within two business days after regulatory and lender approvals, with a seven-and-a-half-month deadline for satisfying conditions. Escrow guarantees of NIS 72 million per party and pricing adjustments in case of breach or non-closing create a structured risk framework, and Ellomay expects the divestment to generate substantial profit and support its broader portfolio and growth strategy in renewable power.
The most recent analyst rating on (IL:ELLO) stock is a Hold with a ILs9309.00 price target. To see the full list of analyst forecasts on Ellomay stock, see the IL:ELLO Stock Forecast page.
More about Ellomay
Ellomay Capital Ltd. is an Israel-based renewable energy and power company whose shares trade on the NYSE American and the Tel Aviv Stock Exchange under the symbol ELLO. Since 2009, it has focused on developing, owning and operating solar, green gas and hydro power projects across Europe, the U.S. and Israel, with assets in Spain, Italy, the Netherlands, Texas and major Israeli power infrastructure.
YTD Price Performance: -10.40%
Average Trading Volume: 8,648
Technical Sentiment Signal: Buy
Current Market Cap: ILs1.05B
For detailed information about ELLO stock, go to TipRanks’ Stock Analysis page.