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RENOVA ( (JP:9519) ) has provided an update.
RENOVA has signed a finance-related agreement with Tokyo Gas for its storage battery business, marking a significant step in its collaboration with Tokyo Gas. This agreement, which includes a 20-year off-take arrangement, is expected to contribute to RENOVA’s revenue stability and support the integration of renewable energy into the power grid. The impact on RENOVA’s financial results for the fiscal year ending March 2026 is expected to be minimal, as the business development fee has already been included in the current financial forecast.
The most recent analyst rating on (JP:9519) stock is a Hold with a Yen830.00 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 sector, focusing on power generation through solar, biomass, and wind energy. The company is expanding its operations to include storage battery facilities, aiming to enhance decarbonization efforts and stabilize power grids.
YTD Price Performance: -16.43%
Average Trading Volume: 673,785
Technical Sentiment Signal: Sell
Current Market Cap: Yen58.65B
Find detailed analytics on 9519 stock on TipRanks’ Stock Analysis page.