Ashtrom Group Ltd. ASHG

Ashtrom Renewable Energy, a global independent power producer and renewable energy developer and subsidiary of Ashtrom Group Ltd., announced today signing of an approximately $200 million financing agreement with BHI, the U.S Branch of Bank Hapoalim, B.M., for the construction of a new solar project El Patrimonio located near San Antonio, Texas.

Why Ashtrom Group is on investors’ radar today Ashtrom Group (TASE:ASHG) has recently drawn fresh attention after a period of positive share price performance over the past month and past 3 months, prompting investors to reassess its current valuation and fundamentals. See our latest analysis for Ashtrom Group. Measured over the past year, Ashtrom Group’s share price has built positive momentum, with a 30 day share price return of 10.13% and a year to date share price return of 10.23%. The 1...

If you are wondering whether Ashtrom Group at about ₪80.14 is priced attractively or not, the key question is how that share price lines up with the value of the underlying business. The stock has returned 1.4% over the past week, 11.9% over the last month, 10.2% year to date, 32.4% over 1 year, 22.5% over 3 years and 49.4% over 5 years, which may shape how investors think about both upside potential and risk today. Recent attention on Ashtrom Group reflects interest in its role within the...

Ashtrom Renewable Energy ("ARE"), a renewable energy developer and independent power producer and subsidiary of Ashtrom Group, and OnPeak Power ("OnPeak"), a utility scale renewable project developer based in Austin, Texas, have mutually decided to bring their development partnership to a close. The decision to conclude the partnership comes from a shared belief that both organizations are positioned to advance their respective priorities independently.