Ellomay Capital Reports Q2 GAAP EPS of €0.13

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Ellomay Capital($NYSEAM:ELLO) reported their second quarter GAAP EPS as €0.13. Their revenue for the quarter was €17.44M. This is a press release from the company.

Earnings

Ellomay Capital is a renewable energy company that focuses on the development, financing, construction, and operation of renewable energy projects. The company reported its latest earnings for the fiscal year 2022, in which it earned 49.3 million euros in total revenue and lost 16.3 million euros in net income. This is compared to the previous year, in which it saw a 10.0% increase in total revenue. In the last three years, Ellomay Capital’s total revenue has grown from 9.6 million euros to 49.3 million euros.

Price History

On Thursday, ELLOMAY CAPITAL stock opened at $22.0 and closed at $22.9, up by 2.4% from the previous day’s closing price of $22.4. These results beat analyst expectations, and ELLOMAY CAPITAL’s stock price reflects this positive news.

VI Analysis

In order to assess a company’s long-term potential, it is important to look at its fundamentals. The VI app makes this easy by providing a range of data and analysis on Ellomay Capital. According to the VI Star Chart, Ellomay Capital is strong in growth, medium in profitability and weak in asset management and dividend payments.

However, the company has an intermediate health score of 4/10 with regard to its cashflows and debt, which suggests that it is likely to safely ride out any crisis without the risk of bankruptcy. Ellomay Capital is classified as a ‘cheetah’ company, which indicates that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster.

Summary

If you’re looking for a company to invest in that is involved in renewable energy, you may want to consider Ellomay Capital. The company reported Q2 GAAP EPS of €0.13, and it appears to be doing well overall. There are a few things you should keep in mind before investing, of course. Make sure you do your own research on the company and its financial stability.

You’ll also want to diversify your portfolio, so don’t put all your eggs in one basket. But if you’re looking for a renewable energy company that is doing well and appears to be financially stable, Ellomay Capital could be a good option for you.