Israeli renewable power options firm OY Nofar Power (TASE: NOFR), based by Ofer Yanay, has notified the Tel Aviv Inventory Alternate (TASE) that bit plans to dual-list on Nasdaq. The corporate mentioned that on April 15, the board of administrators accredited transferring ahead on the method of itemizing the corporate’s frequent shares for buying and selling on a twin itemizing on the US inventory alternate. At this stage, “It ought to be made clear that the itemizing doc doesn’t embrace elevating capital,” though Nofar might accomplish that later. At this stage, the inventory isn’t reacting considerably to the announcement.
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Nofar Power operates in Europe, Israel and the US and is constructing photo voltaic power installations and power storage services. Like many power firms (and renewables particularly) prior to now 12 months, Nofar’s inventory has jumped considerably: it’s price about 85% greater than a 12 months in the past. At this stage, plainly Nofar feels that it has grown sufficient to be related for buying and selling within the US. In the interim, it isn’t elevating capital there, however plainly as soon as it accumulates sufficient international buyers, this is able to be the subsequent logical step.
In line with Ofer Yanai, the corporate’s CEO and controlling shareholder, “The latest deal within the US has generated a number of curiosity from US funding our bodies. Nofar’s measurement and the truth that it’s quickly growing its income, in addition to its new development engines, inform an fairness story that the US market will respect.”
The renewable power sector has acquired a very robust enhance over the previous 12 months as a result of monumental demand for power required for the AI revolution, which entails development of big information facilities that devour giant quantities of electrical energy. Different firms, equivalent to Doral Power (TASE: DORL), are additionally making ready for a doable itemizing on Wall Avenue to lift the capital wanted to increase operations to satisfy demand.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 16, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
