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An update from Otovo AS Class A ( (DE:89K) ) is now available.
Otovo AS Class A reported a 22% revenue increase to NOK 152 million, driven by improved order intake and a solid pipeline, indicating continued installation momentum. The company achieved significant cost reductions and positive cash flow, reflecting improved operational efficiency and resilience in a challenging market. The European residential solar market remains stable, with a positive long-term outlook supported by anticipated interest rate reductions and technological advancements.
More about Otovo AS Class A
Otovo is a marketplace that facilitates the installation of solar panels and home batteries for homeowners. It organizes a network of local, high-quality energy installers and uses proprietary technology to find the best price and installer for customers through an automatic bidding process.
Average Trading Volume: 288,841
Current Market Cap: NOK497.9M
Find detailed analytics on 89K stock on TipRanks’ Stock Analysis page.