N2OFF Shares Triple After Letter of Intent in Italy

Dow Jones

Jan 03, 2025

By Chris Wack

N2OFF shares tripled, to $3.23, after the company signed a binding letter of intent with Soltera Brand Services Italy, a company that specializes in the origination and development of renewable energy projects in Italy.

The stock hit a 52-week high of $3.49 earlier in the session, and is now up 66% in the past 12 months.

The technology company said the projects included in the LOI will include the purchase and development of two battery storage systems in Sicily, each with a capacity of 392 megawatts per hour.

The Israel company said there will be a total investment of up to 2.35 million euros ($2.45 million), to be paid in milestones. Upon completion, N2OFF will hold 70% ownership in the projects.

The development is currently expected to take 18 to 24 months for these projects to reach a ready-to-build stage.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 03, 2025 10:27 ET (15:27 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2500110865"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2500110865\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2500110865?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-03 23:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2500110865","market":"sh","top_or_hot":-1,"title":"N2OFF Shares Triple After Letter of Intent in Italy","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  N2OFF shares tripled, to $3.23, after the company signed a binding letter of intent with Soltera Brand Services Italy, a company that specializes in the origination and development of renewable energy projects in Italy. \n</p>\n<p>\n  The stock hit a 52-week high of $3.49 earlier in the session, and is now up 66% in the past 12 months. \n</p>\n<p>\n  The technology company said the projects included in the LOI will include the purchase and development of two battery storage systems in Sicily, each with a capacity of 392 megawatts per hour. \n</p>\n<p>\n  The Israel company said there will be a total investment of up to 2.35 million euros ($2.45 million), to be paid in milestones. Upon completion, N2OFF will hold 70% ownership in the projects. \n</p>\n<p>\n  The development is currently expected to take 18 to 24 months for these projects to reach a ready-to-build stage. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 03, 2025 10:27 ET (15:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>N2OFF Shares Triple After Letter of Intent in Italy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nN2OFF Shares Triple After Letter of Intent in Italy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-03 23:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  N2OFF shares tripled, to $3.23, after the company signed a binding letter of intent with Soltera Brand Services Italy, a company that specializes in the origination and development of renewable energy projects in Italy. \n</p>\n<p>\n  The stock hit a 52-week high of $3.49 earlier in the session, and is now up 66% in the past 12 months. \n</p>\n<p>\n  The technology company said the projects included in the LOI will include the purchase and development of two battery storage systems in Sicily, each with a capacity of 392 megawatts per hour. \n</p>\n<p>\n  The Israel company said there will be a total investment of up to 2.35 million euros ($2.45 million), to be paid in milestones. Upon completion, N2OFF will hold 70% ownership in the projects. \n</p>\n<p>\n  The development is currently expected to take 18 to 24 months for these projects to reach a ready-to-build stage. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 03, 2025 10:27 ET (15:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4093","symbol_name":"化肥与农用药剂","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2500110865","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500110865","pubTimestamp":1735918020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"N2OFF shares tripled, to $3.23, after the company signed a binding letter of intent with Soltera Brand Services Italy, a company that specializes in the origination and development of renewable energy projects in Italy.The stock hit a 52-week high of $3.49 earlier in the session, and is now up 66% in the past 12 months.The technology company said the projects included in the LOI will include the purchase and development of two battery storage systems in Sicily, each with a capacity of 392 megawatts per hour.The Israel company said there will be a total investment of up to 2.35 million euros , to be paid in milestones. Upon completion, N2OFF will hold 70% ownership in the projects.The development is currently expected to take 18 to 24 months for these projects to reach a ready-to-build stage.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4093":"化肥与农用药剂","NITO":"N2OFF, Inc"},"translate_title":"意大利签署意向书后N2OFF股价上涨两倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NITO":0.9},"content_text":"By Chris Wack \n\n\n \n\n\n  N2OFF shares tripled, to $3.23, after the company signed a binding letter of intent with Soltera Brand Services Italy, a company that specializes in the origination and development of renewable energy projects in Italy. \n\n\n  The stock hit a 52-week high of $3.49 earlier in the session, and is now up 66% in the past 12 months. \n\n\n  The technology company said the projects included in the LOI will include the purchase and development of two battery storage systems in Sicily, each with a capacity of 392 megawatts per hour. \n\n\n  The Israel company said there will be a total investment of up to 2.35 million euros ($2.45 million), to be paid in milestones. Upon completion, N2OFF will hold 70% ownership in the projects. \n\n\n  The development is currently expected to take 18 to 24 months for these projects to reach a ready-to-build stage. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 03, 2025 10:27 ET (15:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}