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Ellomay Capital Expands Renewable Energy Initiatives in Texas
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Ellomay Capital Expands Renewable Energy Initiatives in Texas

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Ellomay ( (IL:ELLO) ) just unveiled an announcement.

On January 27, 2025, Ellomay Capital Ltd. announced an investor presentation highlighting the company’s strategic focus on expanding its renewable energy portfolio. The presentation emphasized new operations in Texas, USA, where Ellomay commenced the development of photovoltaic projects in the Dallas area in 2023, aiming to leverage favorable grid connection conditions and tax benefits. These efforts align with the company’s objective of maintaining a profitable and sustainable growth trajectory in the renewable energy sector, balancing geographical distribution with diverse technological applications.

More about Ellomay

Ellomay Capital Ltd. operates in the renewable energy sector, focusing on the initiation, development, and operation of projects for electricity and gas generation and storage. The company employs a range of technologies and targets markets in Europe, the USA, Israel, Spain, and Italy.

YTD Price Performance: 0.61%

Average Trading Volume: 4,774

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $210.7M

Learn more about ELLO stock on TipRanks’ Stock Analysis page.

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