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RENOVA Expands Biomass Energy Stake with New Acquisition

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RENOVA Expands Biomass Energy Stake with New Acquisition

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RENOVA ( (JP:9519) ) just unveiled an announcement.

RENOVA, Inc. has acquired an additional equity interest in Karatsu Biomass Energy G.K., increasing its stake to 51% and making it a consolidated subsidiary. This acquisition aligns with RENOVA’s mission to expand its renewable energy operations, particularly in biomass power generation, and is expected to have a positive impact on its market positioning and operational capabilities.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen937.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.

More about RENOVA

RENOVA, Inc. operates in the renewable energy industry, focusing on power generation and storage using solar, biomass, and wind power. The company is dedicated to creating sustainable energy systems and has a market focus on locally entrenched renewable resources.

Average Trading Volume: 930,527

Technical Sentiment Signal: Hold

Current Market Cap: Yen88.01B

For a thorough assessment of 9519 stock, go to TipRanks’ Stock Analysis page.

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