Ellomay Capital: Gains after agreement for developing photovoltaic projects
26/12/2019 15:58
** U.S.-listed shares of Israeli renewable energy and power
generator ELLO.N up 17.9% at $17.21 - set to trade at its
highest in over 15 years
** Stock among top percentage gainers across U.S. exchanges
** ELLO's wholly-owned subsidiary Ellomay Luxembourg signs
framework agreement for development of photovoltaic projects in
Italy with un-named European developer on Wednesday urn:newsml:reuters.com:*:nPn9RZxzba
** Developer will help co on photovoltaic greenfield
projects in Italy in scope of 350 MW to reach aggregate capacity
of at least 265 MW over a 41-month period - ELLO
** Including session's gain, stock has more than doubled YTD
vs. ~17% increase in NYSE American Industrial Subsector Index
.XID
(Reporting by Ambhini Aishwarya in Bengaluru)
((Ambhini.Aishwarya@thomsonreuters.com; within U.S.+1 646 223
8780; outside U.S. +91 80 6749 0543;))
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