Turkey's YEO Teknoloji hits fresh record high after energy storage deal
13/05/2026 09:21
** Shares in YEO Teknoloji YEOTK.IS rise around 2%, paring gains after rising as much as 7.7%, after its unit signed an energy storage deal ** The company announced that its wholly-owned unit Reap Batarya signed a $16.1 million (excluding VAT) contract with Egesa Elektrik ** The deal covers the manufacturing of energy storage systems with 1C charge-discharge rates at Reap Batarya's factory in Istanbul ** Brokerage Global Menkul Degerler says it assesses the deal positively ** The stock price hits its highest ever ** Including today's rise, the stock has gained more than 170% YTD (Reporting by Arda Dipova) ((arda.dipova@thomsonreuters.com))
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