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Otovo AS Class A ( (DE:89K) ) has issued an update.
Otovo has made significant strides in its financial restructuring, reducing operational expenses and headcount significantly, which has led to a substantial decrease in EBITDA losses. The sale of its European subscription portfolio has bolstered liquidity, allowing the company to repay debt and stabilize its cash flow, positioning Otovo for a stronger financial outlook in 2025-26. Battery sales have surged, becoming a major growth driver, with installations included in 65% of customer contracts, reflecting a growing market trend towards energy-saving products.
More about Otovo AS Class A
Otovo is a marketplace specializing in solar panels and battery installations for homeowners. The company leverages proprietary technology to assess home potential and facilitates competitive pricing by coordinating bids from qualified local energy installers.
YTD Price Performance: 41.67%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €48.73M
For detailed information about 89K stock, go to TipRanks’ Stock Analysis page.