Ellomay Cap Stock Price, News & Analysis

Ellomay Capital Ltd. (NYSE American; TASE: ELLO) is an Israeli-based renewable energy and power generator and a developer of renewable energy and power projects in Europe, Israel and the USA. Since 2009, the company has focused its business on the renewable energy and power sectors in these regions, evaluating opportunities and investing funds in renewable, clean energy and natural resources projects.

Core business focus

Ellomay Capital’s activities are centered on owning, developing and operating energy infrastructure assets. According to multiple company press releases, Ellomay has invested in solar power plants, anaerobic digestion (biogas) facilities, a pumped storage hydro project and an indirect interest in a large private conventional power plant. These assets are located in Israel, Italy, Spain, the Netherlands and Texas, USA.

The company’s shares are registered for trading on both the NYSE American and the Tel Aviv Stock Exchange under the symbol ELLO. Ellomay describes itself as an Israeli-based company with a strategic focus on the renewable energy and power sectors in Europe, the USA and Israel.

Solar power portfolio

Ellomay reports ownership interests in substantial solar power capacity, particularly in Spain and Italy. The company states that it has invested in approximately 335.9 MW of operating solar power plants in Spain, including a 300 MW solar plant owned by Talasol, in which Ellomay holds 51%. In Italy, Ellomay holds 51% of approximately 38 MW of operating solar power plants. Beyond operating assets, Ellomay also reports solar projects in Italy that are under construction and at ready-to-build status, as well as projects in the Dallas metropolitan area in Texas that are connected to the grid or awaiting connection.

In Italy, Ellomay has highlighted a portfolio that includes operational projects with a power purchase agreement (PPA) and additional capacity under advanced construction and at ready-to-build stage. The company has also reported awards in Italy’s FER X national competitive tenders for ready-to-build solar projects, which provide fixed-tariff Contracts for Difference for a portion of project output.

Biogas and green gas operations

Ellomay has invested in anaerobic digestion plants in the Netherlands through project companies Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V. These facilities have reported green gas production capacities measured in millions of cubic meters per year. The company’s disclosures note ongoing regulatory developments in the Netherlands related to blending green gas with fossil gas and licenses to increase production at these facilities.

Pumped storage and conventional power exposure

Ellomay reports that it holds 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant at Manara Cliff in Israel. This project is part of the company’s broader focus on power infrastructure in its home market.

In addition to renewable assets, Ellomay holds an indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants. The company states that it has an indirect interest (through Ellomay Luzon Energy Infrastructures Ltd.) in Dorad, which operates a power plant with a production capacity of approximately 850 MW. Ellomay has also reported developments related to a potential expansion of the Dorad power plant, referred to as “Dorad 2,” including approvals for a building permit for an additional generating unit.

Geographic footprint

According to repeated company descriptions in its news releases and SEC filings, Ellomay focuses on projects in:

• Israel – including the Manara pumped storage project and its indirect interest in the Dorad power plant.
• Italy – solar projects that are operating, under construction and at ready-to-build status, with participation in national tenders and project finance arrangements.
• Spain – operating solar power plants, including the large Talasol facility.
• The Netherlands – anaerobic digestion plants producing green gas.
• Texas, USA – solar projects in the Dallas metropolitan area that are connected to the grid or awaiting connection.

Capital markets and financing

Ellomay’s securities are listed on the NYSE American and the Tel Aviv Stock Exchange. The company has reported activities in the debt capital markets, including issuances and private placements of debentures (for example, Series G debentures) to Israeli classified investors, subject to listing approvals on the Tel Aviv Stock Exchange. Ellomay also reports project finance arrangements for its Italian solar portfolio and equity transactions with institutional partners in that portfolio.

Corporate developments

In a press release dated December 16, 2025, Ellomay announced that existing shareholders holding a significant stake in the company agreed to sell their holdings to O.Y. Nofar Energy Ltd., a public company listed on the Tel Aviv Stock Exchange. The company notes that consummation of this sale of a control stake is subject to regulatory approvals and other conditions, and that there is no assurance as to whether or when the transaction will be completed. Ellomay has also reported related discussions with debenture holders concerning the potential change of control, as reflected in a Form 6-K filing.

Financial reporting

Ellomay publishes interim and annual financial results prepared in accordance with International Financial Reporting Standards (IFRS). Through its Form 6-K filings, the company furnishes press releases summarizing revenues, operating expenses, project development costs, financing expenses, tax impacts and cash flows. Ellomay also incorporates into its financial reporting its share of profits or losses from equity-accounted investees such as Ellomay Luzon Energy Infrastructures Ltd., which holds an interest in Dorad.

Business model characteristics

Based on the company’s own descriptions, Ellomay’s business model is centered on:

• Developing, constructing and operating solar power projects in Europe and the USA.
• Owning and operating, through project companies, anaerobic digestion plants that produce green gas in the Netherlands.
• Participating in large-scale power generation in Israel through pumped storage and an indirect stake in a private power plant.
• Using project finance, equity partnerships and capital markets instruments (such as debentures and share placements) to fund its portfolio.

Ellomay’s disclosures emphasize its focus on renewable and power assets and its investments in multiple technologies, including solar, green gas and pumped storage, along with its indirect exposure to conventional power generation through Dorad.

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