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The latest announcement is out from Otovo AS Class A ( (DE:89K0) ).
Otovo ASA, a Norway-based solar energy company focused on residential and small commercial rooftop installations, continues to expand its shareholder base as it develops its platform for distributed solar solutions.
The company has completed a private placement of 13,985,000 new shares at NOK 11.50 per share, after which funds and accounts managed by Encompass hold 4,158,997 shares, corresponding to about 7.83% of Otovo’s share capital and voting rights, signaling a notable institutional ownership position.
More about Otovo AS Class A
Otovo ASA is a Norway-based company operating in the solar energy and rooftop solar installation market. The company focuses on residential and small-scale commercial customers, facilitating access to solar power through financing and installation solutions across its operating markets.
Average Trading Volume: 262,235
Current Market Cap: NOK674.9M
For detailed information about 89K0 stock, go to TipRanks’ Stock Analysis page.