Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Otovo AS Class A ( (DE:89K) ) has provided an update.
Otovo AS has entered into a definitive agreement to sell its continental portfolio of solar and battery subscription assets to FORTE PV, under the management of Swiss Life Asset Managers, for approximately EUR 105 million. This transaction, which includes a continued sales agreement and aligns Otovo’s operations with its new business model, will significantly enhance liquidity and operational focus, allowing Otovo to concentrate on its core business of creating solar and home electrification assets across Europe.
More about Otovo AS Class A
Otovo AS is a company focused on providing solar panels and battery systems for residential use across Europe. It operates as a marketplace by connecting homeowners with local energy installers and uses proprietary technology to optimize pricing and installation options.
YTD Price Performance: 41.67%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €24.11M
For a thorough assessment of 89K stock, go to TipRanks’ Stock Analysis page.