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The latest update is out from Otovo AS Class A ( (DE:89K) ).
The Norwegian Prime Minister’s proposal to decouple consumer power prices from wholesale energy markets could positively affect Otovo by reducing uncertainty in solar system returns, despite the negligible impact on its revenue due to its limited exposure in Norway. The proposal is seen as an opportunity to revitalize the Scandinavian solar market, potentially increasing demand for Otovo’s products, particularly in the broader European market where battery and energy management systems are expected to grow.
More about Otovo AS Class A
Otovo AS Class A operates in the renewable energy sector, focusing primarily on solar energy systems for residential use. The company is involved in the European market, providing solar panels and energy management solutions, with a minor revenue portion coming from Norway.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €19.03M
Find detailed analytics on 89K stock on TipRanks’ Stock Analysis page.