Ellomay Cap Stock Price, News & Analysis

Ellomay Capital Ltd. (NYSE American; TASE: ELLO) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021. The report is available on the company's website for download, and free hard copies will be provided to shareholders upon request. Ellomay specializes in renewable energy projects in Europe and Israel, with several significant investments including photovoltaic power plants and interests in large-scale power production. The company aims to drive clean energy ventures across its operational regions.

Ellomay Capital Ltd. (NYSE: ELLO) has reported its unaudited financial results for Q4 and the year ended December 31, 2021. The company saw revenues increase to approximately €44.8 million from €9.6 million in 2020, attributed to the Talasol PV Plant’s operational start and the acquisition of the Gelderland Biogas Plant. However, net loss grew to €20.3 million, compared to a loss of €6.2 million in the previous year. The Talasol Refinancing in January 2022 secured €175 million, significantly improving financing conditions. Key financial metrics included an Adjusted EBITDA of €25.5 million.

Ellomay Capital Ltd. (NYSE American: ELLO) announced the publication of Dorad Energy Ltd.'s financial statements for the year ended December 31, 2021, in which Ellomay holds a 9.4% indirect ownership. Dorad reported revenues of approximately NIS 2,104 million and an operating profit of around NIS 269 million. The report notes the impact of Covid-19 on economic activities and electricity consumption, although no material effect was observed on Dorad's operations at this time. The company plans to include these results in its annual report on Form 20-F for the same period.

Ellomay Capital Ltd. (NYSE American: ELLO) has announced that its subsidiary Talasol Solar S.L. successfully closed a €175 million financing agreement with European institutional lenders. The new financing replaces a previous €121 million loan, providing improved cash flow for Talasol. The financing includes a €155 million term loan for 22.5 years and a €20 million loan for 21 years, with an average fixed interest rate of approximately 3%. The restructuring is expected to enhance Talasol's annual average free cash flow by about €3 million and allow for a special dividend of approximately €31 million.

Ellomay Capital Ltd. (ELLO) held an extraordinary general meeting on January 20, 2022, where shareholders approved key proposals. These included the reelection of Dr. Michael J. Anghel as an external director for a three-year term, along with the approval of his terms of service and options grant. Ellomay focuses on renewable energy projects primarily in Israel and Europe, having invested in significant assets such as photovoltaic power plants and a large power plant in Israel. The company continues to seek new opportunities in the renewable energy sector.

Ellomay Capital Ltd. (ELLO) reported significant financial growth for the nine months ending September 30, 2021, with revenues of approximately €32.8 million, up from €6.8 million in the prior year. Key contributors include the commissioning of the Talasol PV Plant and the acquisition of the Gelderland Biogas Plant. Operating expenses rose to €11.7 million, primarily due to project developments. Despite increased revenues, the company faced a net loss of approximately €6.4 million and total comprehensive loss of €15.4 million. The successful refinancing through a €175 million agreement is anticipated to enhance shareholder distributions.

Ellomay Capital Ltd. (NYSE American: ELLO) will hold an extraordinary general meeting of shareholders on January 20, 2022, at 3:00 p.m. Israel time. Key agenda items include the reelection of Dr. Michael J. Anghel as an external director for a three-year term, approval of his service terms, and granting options. Shareholders of record as of December 14, 2021, can vote. The company will send a proxy statement and proxy card by December 16, 2021. Voting must be submitted by 11:00 a.m. on January 20, 2022.

Ellomay Capital Ltd. (NYSE American: ELLO) announced that its subsidiary, Talasol Solar, secured a €175 million Facilities Agreement with European lenders to refinance its debt. The financing consists of a €155 million term loan for 22.5 years and a €20 million loan for 21 years, aimed at repaying the current project debt of €121 million. This refinancing is expected to enhance Talasol's cash flow by approximately €3 million annually over nine years, increasing the debt service coverage ratio from 1.3 to 1.7 and enabling dividend distributions to shareholders.

Ellomay Capital Ltd. (NYSE American: ELLO) has reported the release of financial statements for Dorad Energy Ltd. for the three months ending September 30, 2021. Ellomay holds a 9.4% indirect stake in Dorad through its 50% ownership of Dori Energy. Dorad’s revenues for this quarter were approximately NIS 642.4 million, with an operating profit of about NIS 130 million. The report notes disruptions due to COVID-19 but states that the impact on Dorad has not been materially adverse. Seasonal demand fluctuations for electricity are acknowledged, highlighting that results may not be indicative of future performance.