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Ellomay ( (IL:ELLO) ) has provided an update.
On September 14, 2025, the Board of Directors of Dorad Energy Ltd., in which Ellomay Capital Ltd. holds an indirect interest, approved the planning and execution of the Dorad 2 Project. This project involves constructing an additional turbine at Dorad’s existing power plant. The board also approved a budget for the project until financial closing and authorized management to negotiate a production slot agreement with a turbine manufacturer. This development is significant for Ellomay as it strengthens its position in the energy sector and could have implications for its stakeholders, given the potential for increased energy production capacity.
The most recent analyst rating on (IL:ELLO) stock is a Hold with a ILs5873.00 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. operates in the energy sector, focusing on renewable energy and power generation. The company holds a stake in Dorad Energy Ltd. through its subsidiary Ellomay Luzon Energy Infrastructures Ltd., indicating its involvement in infrastructure and energy projects.
YTD Price Performance: 1.56%
Average Trading Volume: 7,103
Technical Sentiment Signal: Strong Buy
Current Market Cap: ILs774.1M
See more insights into ELLO stock on TipRanks’ Stock Analysis page.