Aankondiging • May 29
Econergy Ltd announced that it expects to receive ILS 549.99996 million in funding from Migdal Insurance and Financial Holdings Ltd., Mor Investment house, Meitav Investment House Ltd, Harel Insurance Investments & Financial Services Ltd and other investors. Econergy Ltd has announced a private placement to issue 9,166,666 ordinary shares at a price of ILS 60 per share for the gross proceeds of ILS 549,999,960 on May 27, 2026. The transaction involves new investor participation of group of Israel’s most prominent institutional investors, including entities from Harel Insurance Investments & Financial Services Ltd, Meitav Investment House Ltd. and returning investor from Migdal Insurance and Financial Holdings Ltd, Mor Investment house. The transaction has obtained approval from Board of Directors. The placement is subject to approval of the Tel Aviv Stock Exchange for the listing of the new shares. The placement shares are subject to a statutory six-month lock-up followed by a six-quarter dribble-out period in accordance with Section 15C of the Israeli Securities Law. Aankondiging • May 28
Econergy Ltd, Annual General Meeting, Jul 01, 2026 Econergy Ltd, Annual General Meeting, Jul 01, 2026. Location: co. offices, Israel New Risk • May 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Jan 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Revenue is less than US$5m (€3.6m revenue, or US$4.3m). Reported Earnings • Nov 26
Third quarter 2025 earnings released: €0.11 loss per share (vs €0.12 loss in 3Q 2024) Third quarter 2025 results: €0.11 loss per share. Net loss: €6.29m (loss widened 14% from 3Q 2024). New Risk • Aug 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 47% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (45% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (€4.1m revenue, or US$4.7m). Reported Earnings • Aug 14
Second quarter 2025 earnings released: €0.21 loss per share (vs €0.03 profit in 2Q 2024) Second quarter 2025 results: €0.21 loss per share (down from €0.03 profit in 2Q 2024). Revenue: €2.34m (down 40% from 2Q 2024). Net loss: €9.97m (down €11.4m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Jun 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (44% accrual ratio). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Jun 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 44% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (44% accrual ratio). Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: €0.44 (vs €0.25 loss in FY 2023) Full year 2024 results: EPS: €0.44 (up from €0.25 loss in FY 2023). Revenue: €48.8m (up €47.7m from FY 2023). Net income: €19.9m (up €31.2m from FY 2023). Profit margin: 41% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 03
Econergy Renewable Energy Ltd to Report Q4, 2024 Results on Mar 12, 2025 Econergy Renewable Energy Ltd announced that they will report Q4, 2024 results on Mar 12, 2025 Reported Earnings • Nov 20
Third quarter 2024 earnings released: €0.12 loss per share (vs €0.03 loss in 3Q 2023) Third quarter 2024 results: €0.12 loss per share (further deteriorated from €0.03 loss in 3Q 2023). Revenue: €3.47m (up €3.11m from 3Q 2023). Net loss: €5.50m (loss widened 319% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Nov 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (40% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (47% net profit margin). Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪19.52, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 33x in the Renewable Energy industry in Israel. Negligible returns to shareholders over past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: €0.03 (vs €0.04 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.03 (up from €0.04 loss in 2Q 2023). Revenue: €3.87m (up €3.74m from 2Q 2023). Net income: €1.41m (up €3.49m from 2Q 2023). Profit margin: 36% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪15.01, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 32x in the Renewable Energy industry in Israel. Total loss to shareholders of 32% over the past three years. Aankondiging • Aug 19
Econergy Renewable Energy Ltd, Annual General Meeting, Sep 22, 2024 Econergy Renewable Energy Ltd, Annual General Meeting, Sep 22, 2024. Location: co. offices, Israel Board Change • Jul 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zohar Tal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
First quarter 2024 earnings released First quarter 2024 results: Net loss: €11.3m (loss widened €10.4m from 1Q 2023). Reported Earnings • Apr 01
Full year 2023 earnings released: €0.25 loss per share (vs €0.052 profit in FY 2022) Full year 2023 results: €0.25 loss per share (down from €0.052 profit in FY 2022). Net loss: €11.3m (down €13.7m from profit in FY 2022). New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (68% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Revenue is less than US$5m (€1.3m revenue, or US$1.4m). Reported Earnings • Dec 03
Third quarter 2023 earnings released: €0.03 loss per share (vs €0.05 profit in 3Q 2022) Third quarter 2023 results: €0.03 loss per share (down from €0.05 profit in 3Q 2022). Net loss: €1.31m (down 158% from profit in 3Q 2022). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪11.19, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 24x in the Renewable Energy industry in Israel. Total loss to shareholders of 32% over the past year. Reported Earnings • Aug 22
Second quarter 2023 earnings released: €0.04 loss per share (vs €0.07 loss in 2Q 2022) Second quarter 2023 results: €0.04 loss per share (improved from €0.07 loss in 2Q 2022). Net loss: €2.09m (loss narrowed 38% from 2Q 2022). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₪12.55, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 33x in the Renewable Energy industry in Israel. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₪9.57, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 28x in the Renewable Energy industry in Israel. Total loss to shareholders of 57% over the past year. Reported Earnings • Jun 01
First quarter 2023 earnings released: €0.02 loss per share (vs €0.09 loss in 1Q 2022) First quarter 2023 results: €0.02 loss per share (improved from €0.09 loss in 1Q 2022). Net loss: €866.0k (loss narrowed 61% from 1Q 2022). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪14.18, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 35x in the Renewable Energy industry in Israel. Total loss to shareholders of 38% over the past year. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: €0.05 (vs €0.44 loss in FY 2021) Full year 2022 results: EPS: €0.05 (up from €0.44 loss in FY 2021). Revenue: €8.98m (up €8.01m from FY 2021). Net income: €2.37m (up €13.3m from FY 2021). Profit margin: 26% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent External Director Noga Kenz-Brier was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Apr 26
Econergy International Limited (TASE:ECNR) agreed to acquire a 49% stake in Terna Energy Societe Anonyme Commercial Technical Company (ATSE : TENERGY). Econergy International Limited (TASE:ECNR) agreed to acquire a 49% stake in Terna Energy Societe Anonyme Commercial Technical Company (ATSE : TENERGY) on April 25, 2022. Aankondiging • Mar 06
Econergy Renewable Energy Ltd. to Report Q4, 2021 Results on Mar 08, 2022 Econergy Renewable Energy Ltd. announced that they will report Q4, 2021 results on Mar 08, 2022 Aankondiging • Feb 24
Econergy Renewable Energy Ltd. announced that it expects to receive €50 million in funding from R Green Invest SAS, R Green Invest SAS Econergy Renewable Energy Ltd. announced that it will receive €50 million in funding on February 22, 2022. The company will issue equity and also receive loan in the transaction from R Green Invest SAS.