Ellomay (ELLO) AI Stock Analysis

Ellomay

(TASE:ELLO)

Select Model

Rating:42Neutral

Price Target:ILA 6,416.00▲(4.07% Upside)

Action:reiterated

Date:08/22/26

The overall score of 42 is heavily pressured by the company's precarious financial state, which is the most significant factor. The core business is unprofitable and burning cash, supported by an unsustainable, highly leveraged balance sheet. While short-term technicals show some positive momentum, this is overshadowed by the long-term downtrend and the fundamental risks. The negative P/E ratio and lack of dividend further detract from the stock's appeal.

Positive Factors

TTM Revenue ReboundThe sharp TTM revenue rebound indicates that Ellomay retains the ability to expand its top line after a weaker period. If sustained, stronger revenue can improve operating leverage, support asset investment, and reinforce the company’s position in renewable power markets.

Negative Factors

High LeverageVery high leverage leaves Ellomay more exposed to refinancing needs and interest-rate sensitivity, while increasing the financial burden on each operating asset. Debt-funded asset growth can restrict flexibility if profitability remains weak or projects require additional capital.

Ellomay (ELLO) vs. iShares MSCI Israel ETF (EIS)

Market Cap: ILS 849.74M
Dividend Yield: ―
Average Volume (3M): 5,763
Price to Earnings (P/E): 4.2
Beta (1Y): 0.81
Revenue Growth: -1.19%
EPS Growth: ―
Country: Israel
Employees: 29
Sector: General
Sector Strength: 55
Industry: Renewable Utilities

Ellomay Business Overview & Revenue Model

Company Description

Ellomay Capital Ltd. is an energy company operating across Israel, Spain, and the Netherlands, dedicated to producing renewable and clean power. Its assets include six operational photovoltaic (PV) plants: four located in Spain with a cumulative capa...

Ellomay Financial Statement Overview

Summary

Financial health is critically weak. The income statement shows a -47.6% net margin and negative EBIT despite revenue growth. The balance sheet is highly leveraged with a 5.06x debt-to-equity ratio. Cash flow is a major red flag, with negative operating cash flow of -$4.3M and deeply negative free cash flow of -$135.5M, indicating the company is burning cash and reliant on external financing.

Income Statement

28Negative

Balance Sheet

15Very Negative

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Dec 2023	Dec 2022	Mar 2022
Income Statement
Total Revenue	43.92M	33.89M	40.47M	48.83M	52.24M	44.78M
Gross Profit	6.65M	7.21M	4.78M	21.51M	24.79M	12.18M
EBITDA	12.74M	24.76M	20.43M	29.50M	26.98M	19.82M
Net Income	59.87M	-2.13M	-6.52M	2.22M	-357.00K	-15.09M
Balance Sheet
Total Assets	952.06M	845.45M	677.26M	612.85M	576.16M	551.15M
Cash, Cash Equivalents and Short-Term Investments	166.14M	88.26M	41.13M	52.12M	49.29M	71.58M
Total Debt	659.35M	637.86M	521.06M	446.40M	407.04M	376.32M
Total Liabilities	721.47M	679.97M	547.97M	487.75M	493.08M	437.66M
Stockholders Equity	208.80M	140.93M	118.62M	115.00M	95.72M	115.52M
Cash Flow
Free Cash Flow	-135.46M	-93.52M	-67.47M	-52.53M	-37.29M	-67.57M
Operating Cash Flow	-4.29M	8.21M	7.97M	8.60M	11.32M	15.24M
Investing Cash Flow	-6.53M	-47.65M	-64.44M	-55.55M	-24.38M	-107.42M
Financing Cash Flow	55.36M	82.61M	42.96M	54.43M	26.51M	54.20M

Ellomay Technical Analysis

Technical Analysis SentimentNegative

Last Price6165.00

Price Trends

50DMA6373.92Negative

100DMA6159.33Positive

200DMA7004.65Negative

Market Momentum

MACD-6.42Positive

RSI35.24Neutral

STOCH27.22Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ELLO, the sentiment is Negative. The current price of 6165.00 is below the 20-day moving average (MA) of 6548.15, below the 50-day MA of 6373.92, and below the 200-day MA of 7004.65, indicating a bearish trend. The MACD of -6.42 indicates Positive momentum. The RSI at 35.24 is Neutral, neither overbought nor oversold. The STOCH value of 27.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:ELLO.

Ellomay Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IL:ELLO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IL:ENLT	56Neutral	ILS 29.51B	98.78	2.17%	―	18.19%	-39.71%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IL:ECNR	55Neutral	ILS 4.51B	-22.01	―	―	2.40%	-570.07%
IL:ENRG	46Neutral	ILS 11.12B	74.47	―	2.11%	18.55%	-36.00%
IL:MSKE	45Neutral	ILS 6.77B	-53.52	―	―	―	―
IL:ELLO	42Neutral	ILS 885.16M	4.19	-1.46%	―	-1.19%	―
IL:DORL	41Neutral	ILS 12.00B	-42.90	―	―	53.62%	-34.45%

* General Sector Average

Performance Comparison

IL:ELLO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IL:ELLO	Ellomay Capital Ltd Ordinary Sh	6165.00	-627.00	-9.23%
IL:ENLT	Enlight Renewable Energy Ltd	21080.00	9340.00	79.56%
IL:ENRG	Energix-Renewable Energies Ltd.	1899.00	391.35	25.96%
IL:DORL	DORAL GROUP RENEWABLE ENERGY RESOURCES LTD	5372.00	2912.00	118.37%
IL:MSKE	Meshek Energy Renewable Energies Ltd.	885.00	222.80	33.65%
IL:ECNR	Econergy renewable energy Ltd	5809.00	1836.00	46.21%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 22, 2026

Ellomay AI Stock Analysis