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The latest update is out from Otovo AS Class A ( (DE:89K) ).
Otovo has entered a strategic partnership with Energismart Norge AS to offer its Otovo Care service and maintenance solution to around 5,000 Norwegian residential solar customers formerly served by bankrupt installer Solcellespesialisten. Under the deal, SCS homeowners can voluntarily transfer to Otovo Care, gaining access to monitoring, repairs, and potential system upgrades, while Energismart shifts its focus entirely to the commercial solar market. Otovo will pay NOK 1,000 per customer who signs up and expects the transaction, scheduled to close in December 2025, to be net income positive in the first half of 2026, positioning the company to capture a share of the growing, under-served “orphaned” solar systems service market in Europe and the US and to upsell battery storage to a largely battery-free customer base.
More about Otovo AS Class A
Otovo is an AI-native energy services company operating in Europe and the United States, providing integrated solar and battery solutions that combine real-time monitoring, rapid repairs, dependable power supply, and grid participation into a single service. Its Endurance AI platform oversees installed equipment in homes and businesses, optimizing issue detection, service workflows, and repair coordination to deliver cost-efficient, long-term performance for distributed energy systems. Otovo is listed on the Euronext Oslo Stock Exchange under the ticker OTOVO.
Average Trading Volume: 725,359
Current Market Cap: NOK470.8M
See more insights into 89K stock on TipRanks’ Stock Analysis page.