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The latest update is out from TESS Holdings Co., Ltd. ( (JP:5074) ).
TESS Holdings Co., Ltd. announced that its subsidiary, TESS Engineering Co., Ltd., has secured a significant order for the EPC of power storage plants for power grids. This order, valued at approximately 4.0 billion yen, highlights the company’s expertise in power storage systems and its strategic focus on expanding in this area. The project is expected to be completed by December 2027, with revenue recognized from 2027 to 2028, indicating no immediate impact on the company’s financial results for the fiscal year ending June 2025.
More about TESS Holdings Co., Ltd.
TESS Holdings Co., Ltd. operates in the energy sector, focusing on renewable energy, energy-efficiency maximization, and intelligent energy infrastructure. The company provides EPC services for energy plants and utility equipment and engages in energy supply, including renewable energy power plants and electricity retailing.
YTD Price Performance: 2.16%
Average Trading Volume: 581,190
Technical Sentiment Signal: Buy
Current Market Cap: Yen20B
See more insights into 5074 stock on TipRanks’ Stock Analysis page.