🔴 NOFR.TA is trading 4.48% down today on concerns over the return profile of its 15-year storage contract

NOFR.TA is trading 4.48% down at ILA 22,790 as shares extend losses following the announcement of a 15-year, 100 MW/500 MWh energy storage power supply contract.

• Investors are reportedly cautious regarding the long-term duration and return profile of the newly announced deal, which has maintained downward pressure on the stock.
• Trading activity remains high with a turnover of ILS 53,873,592 on the TASE, reflecting significant volume during the price decline.