Turkey's YEO Teknoloji jumps after $15.9 mln battery storage deal
25/03/2026 08:09
** Shares in YEO Teknoloji YEOTK.IS rise around 4% after its wholly-owned unit Reap Batarya signed a $15.9 million contract with Endoks Enerji ** The deal covers the production and delivery of energy storage systems with 1C and 0.5C charge-discharge rates ** The contract includes an option for Endoks Enerji to increase the total value to $31.1 million, offering potential upside to revenues, according to YEO Teknoloji ** Brokerage Global Menkul Degerler sees the agreement as supportive of YEO Teknoloji's growth strategy in the energy storage segment, while also strengthening value‑added production capabilities ** The brokerage cites the short delivery timeline and contract size increase option as key factors enhancing revenue visibility (Reporting by Canan Sevgili) ((canan.sevgili@thomsonreuters.com))
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