Israel's Ellomay Capital Q2 swings to profit on Ellomay Luzon Energy stake

Ellomay Capital

18/08/2026 21:23

Overview
Israel renewable energy producer's Q2 revenue rose yr/yr, profit swung to positive
Q2 profit driven by sale of Ellomay Luzon Energy stake
Higher revenue from new US solar and Dutch biogas, offset by lower prices in Italy and Spain

Outlook
Company expects higher revenues and profit in the Netherlands from increased biogas production capacity by end-2027
Ellomay expects to complete construction of 150 MW solar projects in Italy by end-2026
Company says regulatory uncertainty in the US limits ability to provide broader forecasts

Result Drivers
ASSET SALE - Q2 profit mainly driven by capital gain from sale of Ellomay Luzon Energy stake
NEW PROJECTS - Revenue growth attributed to new US solar facilities and increased production at Dutch biogas plants during H1
LOWER ELECTRICITY PRICES - Revenue gains partially offset by declines in electricity prices in Italy and Spain during H1

Company press release: ID:nGNX2qdkbL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 12.42 mln
 
Q2 EPS
 
EUR 5.25
 

Analyst Coverage
The stock recently traded at 65 times the next 12-month earnings vs. a P/E of 82 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)