Ellomay Capital Ltd. (ELLO): history, ownership, mission, how it works & makes money

A Brief History of Ellomay Capital Ltd. (ELLO)

Foundation and Initial Operations

Ellomay Capital Ltd. was established in 2012, focusing on energy and infrastructure investments, primarily in the renewable energy sector. The company is headquartered in Tel Aviv, Israel, and operates as an investment company.

Corporate Developments and Acquisitions

In 2013, Ellomay acquired the rights to develop the “Kfar Saba Project,” a solar energy facility with an expected capacity of 5 MW.

By 2014, the company expanded its portfolio by acquiring a 49% stake in the “Luz II” solar power project located in Spain, aimed at generating over 20 MW of renewable energy.

Financial Growth and Market Performance

As of December 31, 2022, Ellomay reported total assets of approximately $110 million. The company’s revenue stood at roughly $14 million for the fiscal year.

The stock price of Ellomay Capital Ltd. (ELLO) on the Tel Aviv Stock Exchange fluctuated between $3.50 and $5.20 during 2022, closing at $4.50 at the year's end.

Investment Strategy

Ellomay's investment strategy emphasizes renewable energy sectors, notably solar, with a focus on projects in Israel and Europe. The company has concentrated on utility-scale solar power plants.

Key Projects

Recent Developments

In 2023, Ellomay announced plans to expand its operations by developing additional solar projects, aiming to increase its production capacity by 25% in the next two years.

The company is also exploring opportunities in emerging markets with a potential focus on Africa and Asia, aiming to diversify its portfolio.

Financial Position

According to the latest financial reports as of Q2 2023, Ellomay's net income was approximately $6 million, reflecting an increase of 15% from the previous year. The company’s liabilities stood at about $45 million, resulting in a debt-to-equity ratio of 0.41.

Market Outlook

Analysts forecast a growth rate of 12% for Ellomay's revenue in the upcoming fiscal year, driven by new projects and increased efficiency in existing operations.

A Who Owns Ellomay Capital Ltd. (ELLO)

Shareholder Structure

As of October 2023, Ellomay Capital Ltd. (ELLO) has a diversified shareholder base, comprising institutional and retail investors. The following table illustrates the major shareholders and their respective ownership percentages.

Recent Shareholder Changes

In Q3 2023, significant changes occurred among major shareholders. Harris Associates L.P. increased their stake from 8.00% to 9.50%. Cambridge Invesco has maintained a stable position with an 8.20% ownership.

Market Capitalization

As of the latest trading session, the market capitalization of Ellomay Capital Ltd. is approximately $153 million. The stock price is currently around $4.50 per share.

Board of Directors

The composition of the Board of Directors plays a crucial role in company governance. Below is a list of the current Board members:

• Ofer Hemo – Chairman
• Moshe Kahlon – Director
• David Ziv – Director
• Raed S. Al-Ali – Director
• Rami Levi – Director

Institutional Ownership Trends

Institutional ownership has been a critical factor in the company's stability. As of the end of Q3 2023, approximately 47% of Ellomay's shares are held by institutional investors. This is a slight increase from 45% in Q1 2023.

Geographic Ownership Distribution

The geographic distribution of ownership indicates a broad international interest:

Recent Financial Performance

For the fiscal year ending June 2023, Ellomay Capital reported revenues of around $75 million. This represents a 15% increase compared to the previous year. Net income for the same period was approximately $10 million.

Future Shareholder Outlook

Forecasts for ownership trends suggest that institutional investors are likely to increase their stakes due to the company's robust growth prospects. Analysts predict that institutional ownership may reach 50% by the end of 2024.

Ellomay Capital Ltd. (ELLO) Mission Statement

Company Overview

Ellomay Capital Ltd. is an Israeli company focused on investments in the energy sector, particularly in renewable energy projects. The mission of Ellomay Capital is to enhance investor value through strategic investments in sustainable energy solutions.

Vision Statement

The vision of Ellomay Capital includes a commitment to sustainability and leading the transition towards a low-carbon economy.

Core Values

• Integrity
• Sustainability
• Innovation
• Community Engagement
• Financial Performance

Financial Overview

As of 2023, Ellomay Capital reported a total revenue of approximately $11 million and an operating income of around $5 million. The company's assets totaled approximately $203 million, reflecting its strong position in renewable energy investments.

Investment Portfolio

Ellomay Capital's investment portfolio primarily comprises solar power generation assets in Israel and Italy. The company operates projects with a total capacity of over 103 MW in solar energy. The current investments include:

Strategic Goals

Ellomay Capital aims to:

• Expand its renewable energy portfolio by targeting additional solar energy projects.
• Increase revenue by 20% annually through operational efficiency and market expansion.
• Strengthen partnerships with other renewable energy providers.

Recent Developments

In 2023, Ellomay Capital announced a new joint venture aimed at developing additional solar farms, with an expected total capacity of 50 MW set to launch by 2025. The company continues to explore opportunities for growth in the renewable energy market.

Commitment to Sustainability

Ellomay Capital is dedicated to reducing carbon emissions through its investments. The company has set a goal to achieve carbon neutrality in its operations by 2030.

How Ellomay Capital Ltd. (ELLO) Works

Overview of the Company

Ellomay Capital Ltd. is an Israeli company primarily focused on the renewable energy sector. Specifically, it operates in the fields of solar and wind energy, with a diverse asset portfolio that includes projects across Israel and Europe. As of the latest reports, Ellomay has established significant operational and developmental assets that contribute to its financial health.

Financial Performance

For the fiscal year ending December 31, 2022, Ellomay reported revenues of $31.7 million. The company's net income for the same period was $9.2 million.

Key financial metrics for Ellomay Capital Ltd. include:

Operational Segments

Ellomay operates through various segments, primarily focusing on the following:

• Solar Energy Projects
• Wind Energy Initiatives
• Energy Storage Solutions

Solar Energy Projects

Ellomay has developed several solar energy plants, with a total production capacity of around 150 MW across different projects. Their flagship project is the Megalim Solar Power Plant, located in the Negev desert, which contributes a significant portion of the company's revenue.

Wind Energy Initiatives

The company is also involved in wind energy projects, with one notable investment being the 300 MW wind farm in Romania, which is currently under development. It is expected to become operational within the next two years.

Energy Storage Solutions

In response to the growing demand for energy reliability, Ellomay is investing in energy storage solutions, aiming to enhance the efficiency of its renewable energy portfolio. The company plans to implement advanced lithium-ion battery systems to support its solar and wind facilities.

Investment Strategy

Ellomay’s investment strategy involves acquiring and developing renewable energy assets with strong potential for growth. The company continuously evaluates new opportunities in emerging markets and technologies.

Recent Developments

As of the latest quarter, Ellomay secured financing agreements amounting to $50 million to support its expansion initiatives. The company aims to leverage these funds for new project developments and acquisitions.

Sustainability Commitment

Ellomay Capital Ltd. is dedicated to sustainable practices in its operations. The company actively engages in initiatives that reduce carbon footprints and promote renewable energy adoption.

Key Partnerships

Ellomay has formed key partnerships with several international companies to enhance its technological capabilities, including:

• Collaboration with leading solar technology firms.
• Strategic alliances for wind farm development.
• Partnerships with energy storage technology providers.

Market Position

As of 2023, Ellomay ranks among the top renewable energy developers in Israel, with aspirations to expand its footprint in Europe. The company’s market capitalization currently stands at $180 million.

How Ellomay Capital Ltd. (ELLO) Makes Money

Revenue Streams

Ellomay Capital Ltd. (ELLO) primarily generates revenue through its investments in energy-related assets, particularly renewable energy projects. The company operates in the following segments:

• Solar Energy Production
• Energy Storage Solutions
• Consulting and Management Services

Solar Energy Production

Ellomay owns and operates solar power plants, which are the cornerstone of its revenue model. As of the latest financial report, the company has operational solar facilities with a total capacity of approximately 173 MW. In the fiscal year 2022, the solar segment produced revenue of $15.3 million, with an average revenue per megawatt of about $88,500.

Energy Storage Solutions

The company is also investing in energy storage systems to enhance the resilience and efficiency of its renewable energy portfolio. As of October 2023, Ellomay has entered into partnerships that target investments of approximately $10 million specifically in energy storage technology.

Consulting and Management Services

Ellomay provides consultancy and asset management services to third-party renewable energy projects. This segment has contributed around $2.5 million to the annual revenue in 2022. The company expects this to grow by 10% annually through new partnerships and management contracts.

Financial Performance Metrics

As of Q3 2023, Ellomay's financials reflect a positive outlook:

Geographic Expansion

Ellomay is actively pursuing geographic expansion, with recent initiatives in Europe and North America. The company has earmarked $5 million for new projects in these regions, aiming to diversify its revenue streams further.

Market Conditions and Pricing Strategy

The overall market conditions have shown volatility, but renewable energy remains in high demand. As of 2023, the average price for solar energy has increased by approximately 12% compared to previous years, enhancing the profitability of Ellomay's existing projects.