Ellomay Capital Says Construction Works In The Site Of Its Pumped Storage Project In The Manara Cliff, Israel Were Halted - Filing
Portfolio Pulse from Benzinga Newsdesk
Ellomay Capital has announced that construction works at its pumped storage project site in the Manara Cliff, Israel have been halted, according to a filing.
October 11, 2023 | 8:19 pm
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NEGATIVE IMPACT
Ellomay Capital's construction works at its pumped storage project site in Israel have been halted. This could potentially delay the project's completion and impact the company's future revenues.
The halt in construction works at Ellomay Capital's project site could lead to delays in the project's completion. This could potentially impact the company's future revenues and profitability, leading to a negative impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100