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RENOVA ( (JP:9519) ) has shared an update.
RENOVA, Inc. has announced that its subsidiary, First Solar Power G.K., has executed a loan agreement with financial covenants to support project financing for its Non-FIT solar PV projects. This agreement is part of RENOVA’s strategy to expand its Non-FIT solar PV business, which is crucial for achieving its Medium-term Management Plan 2030 goals. The project finance arrangement covers approximately 170MW of the total 206MW capacity under existing PPAs, supporting the company’s aim to reach a total capacity of 5.0GW by the fiscal year ending March 2031. The impact on the current fiscal year’s financial results is expected to be minor.
The most recent analyst rating on (JP:9519) stock is a Hold with a Yen803.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.
More about RENOVA
RENOVA, Inc. operates in the renewable energy industry, focusing on the development and operation of Non-FIT solar photovoltaic (PV) plants. The company is actively engaged in promoting renewable energy projects through corporate power purchase agreements (PPAs) to meet the increasing decarbonization demands of corporate clients.
Average Trading Volume: 841,594
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen67.21B
For detailed information about 9519 stock, go to TipRanks’ Stock Analysis page.